Swiss Prosecutors Investigate Credit Suisse Takeover by UBS
TL;DR
Switzerland's top prosecutor has opened an investigation into potential crimes related to UBS's takeover of Credit Suisse, while the emergency combination of the two banks begins to take shape. The deal signed last month may reduce the overall workforce by up to 30%, with as many as 11,000 cuts in Switzerland and another 25,000 worldwide. UBS has said it estimates that savings of about $6 billion are possible from reducing headcount.
- Swiss Prosecutors Probe Credit Suisse Deal, Job Cuts Seen Yahoo Finance
- Swiss Prosecutors Probe State-Backed Credit Suisse Takeover by UBS The Wall Street Journal
- Swiss federal prosecutors open investigation into Credit Suisse takeover Fox Business
- Swiss prosecutor probes Credit Suisse takeover CNN
- Swiss prosecutors open probe into UBS takeover of Credit Suisse POLITICO Europe
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