UBS to cut 35,000 jobs after Credit Suisse rescue

UBS to cut 35,000 jobs after Credit Suisse rescue – report

By Agence France-Presse

Jun 29, 2023 12:10 am

Credit Suisse had a staff of around 45,000 before it nearly collapsed on investor fears about its solvency, which prompted a massive bailout orchestrated by the Swiss government.

Analysts had warned that huge job losses were likely because of the overlapping activities at two of the world's most important banks.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

'US risks global energy instability with sanctions'

More firms pulling back on DEI efforts

TCS sees North America factories spending on tech

US delays blocking of Nippon Steel merger

Tech sector's energy transition seen at Vegas show

China's central bank halts bond buying

Airbus delivered 766 planes in 2024