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UBS imposes strict restrictions on Credit Suisse bankers after takeover completion.

1 min read
Source: Reuters
UBS imposes strict restrictions on Credit Suisse bankers after takeover completion.
Photo: Reuters
TL;DR Summary

UBS is reportedly set to impose strict restrictions on Credit Suisse bankers, including a ban on new clients from high-risk countries and on complex financial products. The Swiss government has agreed to guarantee up to 9 billion Swiss francs ($9.96 billion) of losses UBS may incur from the sale of its rival's assets beyond 5 billion francs the lender is due to cover itself.

Topics:business#banking#credit-suisse#finance#financial-regulations#risk-management#ubs
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  1. UBS to impose restrictions on Credit Suisse bankers after takeover complete, FT says  Reuters
  2. UBS sets 'red lines' for Credit Suisse staff after takeover completion  Financial Times
  3. Credit Suisse CEO Memo Signals UBS Deal to Close Monday  Bloomberg
  4. Credit Suisse CEO memo signals UBS deal to close Monday, Bloomberg reports  Reuters
  5. FirstFT: UBS to set tight restrictions on Credit Suisse bankers  Financial Times

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