Subscribe to our YouTube channel for free here:
https://sc.mp/subscribe-youtube

Tens of thousands of jobs are at risk following UBS’s US$3.25 billion rescue of Credit Suisse. The merger between the long-time Swiss rivals was brokered by the Swiss National Bank, the country’s central bank, over the March 18-19, 2023, weekend to stave off a developing international banking crisis. UBS officials said it was still too early to estimate the size of the workforce cut, but there are plans to downsize Credit Suisse’s investment banking business and align it with the “conservative risk culture” of UBS.

Support us:
https://subscribe.scmp.com

Follow us on:
Website: https://www.scmp.com
Facebook: https://facebook.com/scmp
Twitter: https://twitter.com/scmpnews
Instagram: https://instagram.com/scmpnews
Linkedin: https://www.linkedin.com/company/south-china-morning-post/

#scmp #World #Bankingfinance

BREAKING

Unleashing Reptilian Secrets: Information Wars, the Ultimate 21st Century News Source!

Follow on Telegram

Search Now!