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UBS is weighing cutting tens of thousands of jobs following its emergency takeover of Credit Suisse, as the Swiss bank leans towards keeping the domestic operations of its fallen rival, according to a
UBS is preparing a dramatic cull of Credit Suisse bankers in wake of its rescue deal for its Swiss rival.
Bankers, traders, support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt, with almost all activities at risk, Bloomberg News rep
UBS AG UBS, +1.53% is preparing to cut about 35,000 jobs or more than half of Credit Suisse's work force starting next month as a result of the emergency takeover of the financial giant, according to
UBS Group AG is planning to cut more than half of Credit Suisse Group AG's workforce starting next month as a result of the bank's emergency takeover. Total job losses could add up to about 35,000.
UBS Group is looking to cut more than half of Credit Suisse's workforce from next month as a result of the bank's takeover, Bloomberg News reported on Tuesday.
The Swiss National Bank has called for a review of “too big to fail” (TBTF) regulations after the crisis around Credit Suisse in March.
A group of Credit Suisse AT1 bondholders has filed a class action suit accusing former executives at the Swiss bank, including three past chief CEOs, of being responsible for the bank's downfall.
The Swiss National Bank (SNB) on Thursday said it was crucial to draw lessons and take measures from the Credit Suisse crisis that led to the bank's downfall and forced rescue by rival UBS.
Credit Suisse, driven into a rescue by UBS after heavy cash outflows, is seeking to claw back business by offering rich clients some of the highest deposit rates in the industry, according to a person
Bondholders who suffered a $17 billion loss from Credit Suisse's downfall have filed a lawsuit against the Swiss bank's former and current executives, claiming a toxic work culture in the NY offices w
UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses.
UBS Group AG is facing hundreds of millions of dollars in regulatory fines over Credit Suisse Group AG's dealings with Archegos Capital, as the Swiss bank takes on its former rival's entire litigation
Credit Suisse's relationship with family office Archegos Capital is set to hit UBS following investigations by UK, Swiss and US regulators.
UBS Group AG faces hundreds of millions of dollars in penalties over Credit Suisse's mishandling of Archegos Capital, after UK, Swiss and U.S. regulators completed their investigations, Financial Time
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