Wealth and Asset Management
UBS plans to gut Credit Suisse by laying off 35,000 workers after buying the struggling bank in a fire sale
UBS Group is planning to cut more than half of Credit Suisse Group’s workforce starting next month as a result of the bank’s emergency takeover. Bankers, traders and support staff in Credit Suisse’s investment bank in London, New York, and in some parts of Asia are expected to bear the…
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Click here to read the full story: Fortune