UBS to lay off nearly 3,000 employees post Credit Suisse takeover: Report

Switzerland-based UBS Group AG has started a series of job cuts impacting nearly 3,000 jobs as a part of its integration with Credit Suisse, cited sources familiar with the situation. The said job ... Read More

UBS to continue workforce job cuts following Credit Suisse acquisition

The UBS workforce expanded significantly from below 75,000 to approximately 120,000 after the acquisition of Credit Suisse in an emergency ... the impact of forced job cuts. This article was ... Read More

UBS and Credit Suisse offer US$30,000 to incoming staff to defer start

The move comes as UBS is about to complete its SFr3bn (US$3.3bn) takeover of Credit Suisse after rescuing its rival in March in a deal backed by Swiss authorities. The combined bank is expected to cut ... Read More

UBS to Cut 180 Jobs in Italy Due to Credit Suisse Integration

UBS Group AG informed Italian unions of plans to cut 180 jobs as part of its reorganization in the country following the takeover of former rival Credit Suisse. Of the cuts, 162 will be taken at ... Read More

UBS informs Italian unions of plans to cut a third of its jobs in the country

merged with Credit Suisse Servizi Fiduciari. The bulk of the reductions will be at the Italian arm of UBS Europe SE, with 162 of its 568 jobs set to be cut, another letter showed. The cuts will be ... Read More

UBS Group plans to close almost all branches of Credit Suisse

reduce the number of jobs. On June 12, 2023, UBS announced the completion of the Credit Suisse takeover, as a result of which Credit Suisse Group AG was merged with UBS Group AG. The combined entity ... Read More

UBS dragged into the red by Credit Suisse takeover

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial ... Read More

Moody's downgrades outlook for UBS to negative, after Credit Suisse take over

Rating agency Moody's has cut the outlook on UBS Group's debt to negative following its takeover of Credit Suisse. Moody's has affirmed UBS's current credit ratings, but lowered the outlooks on ... Read More