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Six things Credit Suisse is telling staff about their future after the UBS takeover
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UBS's $3.2bn acquisition of Credit Suisse has thrust the future of more than 50,000 employees into doubt, as the merger looks to strip out CHF8bn in costs over the next four years — 75% of which will come from staff related expenses.
Credit Suisse's employees have bemoaned a lack of clarity, despite all-staff memos and townhalls, after the merger was arranged over the course of one frantic weekend to keep the troubled Swiss bank from collapse.
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Read more on fnlondon.comAbout this in other media
Credit Suisse funds bled $3bn around UBS merger fnlondon.com /1 year ago
UBS brings back former chief to oversee Credit Suisse takeover theguardian.com /1 year ago
UBS to gain $8bn fossil fuel exposure from Credit Suisse deal as activists warn of ‘climate nightmare’ fnlondon.com /1 year ago
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