Bloomberg reports that more than 22,500 jobs are on the line, with UBS UBS CH:UBSG planning three rounds of cuts as it integrates Credit Suisse into its...
UBS is preparing a dramatic cull of Credit Suisse bankers in wake of its rescue deal for its Swiss rival.
Departures begin next month, a person familiar with the matter told the... UBS is preparing a dramatic cull of Credit Suisse bankers in wake of its rescue deal for its Swiss rival. Departures begin next month, a person familiar with the matter told the news agency. While trading and investment banking employees will bear the brunt, the cull is likely to be widespread across functions, they added.
Getting rid of legacy Credit Suisse staff cements UBS’s growing hold over the combined bank, after it outlined a new leadership team dominated by UBS executives.
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