Kian Abouhossein, analyst at JPMorgan and Chase, noted poor earnings prospects and greater demands for capital may force lenders such as UBS AG, Deutsche Bank, Barclays and Credit Suisse Group - founded in 1856 - to make redundancies and implement asset reductions earlier than previously planned, Bloomberg reports.
The industry expert observed these financial institutions could scale down numerous business operations in a bid to compile greater reserves and cut costs.
These bodies are hoping to reduce risk-weighted assets sooner rather than later, Mr Abouhossein explained, adding: "They've already all started, but they'll probably find it harder than expected because the environment is clearly getting tougher."
Each of the banks listed are set to report their third-quarter results over the coming days and have confirmed they hope to lessen these assets by around $415 billion in preparation for more stringent capital requirements.
By Gary Cooper