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Credit Suisse Merger With UBS To Cost 3,000 Jobs In Switzerland
Banking giant UBS said Thursday that its merger with former rival Credit Suisse and full absorbtion of its Swiss unit would cause 3,000 job cuts in Switzerland in the coming years.
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UBS Merger With Credit Suisse Raises Job Fears In Switzerland
Among the many concerns over the new megabank created by the merger of UBS and the beleagured Credit Suisse is how it will affect jobs and competition in Switzerland's banking sector.
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Indian Financial System Completely Insulated From Developments In US, Switzerland: RBI Governor
India's financial system remains "completely" insulated from the recent developments in the US and Switzerland, RBI Governor Shaktikanta Das said, asserting that the country's banking system is resilient, stable and healthy.
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Swiss Parliament Rejects $129.82 Billion Aid For Credit Suisse-UBS Merger
Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS, leaving the fallen bank's hastily arranged rescue without a largely symbolic parliamentary blessing.
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"Not The Demise Of Switzerland": Swiss President On Credit Suisse Fall
The failure of banking giant Credit Suisse and its emergency takeover does not mean the downfall of Switzerland, President Alain Berset said Tuesday, insisting bankruptcy would have had disastrous consequences.
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Credit Suisse and UBS Merger Could Cost 36,000 Jobs: Report
Before the merger, UBS and Credit Suisse had employed slightly more than 72,000 and 50,000 people, respectively.
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Swiss Brace For Major Job Losses After Credit Suisse Buyout
Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff.
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''Even The Mighty Can Fall'': Elon Musk Reacts To Credit Suisse's $3.25 Billion Rescue Deal
Credit Suisse is Switzerland's second-largest bank and the world's eighth-largest investment bank.
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UBS Takeover Of Credit Suisse: Six Key Points
The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of Switzerland, where banking is a core part of the national identity.
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Switzerland's Biggest Banks In Spotlight Over Likely "Merger Of Century"
UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.
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Credit Suisse Stock Plunges 14% To New Record Low
Shares in Switzerland's second-biggest bank fell rapidly on the Swiss stock exchange, dropping 14.30 percent to 2.139 Swiss francs.
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No Holiday Cheer For Markets As Central Banks Shrug Peak Rates Hopes: Report
Central banks in the United States, euro zone, Britain and Switzerland met on Wednesday and Thursday and all slowed the pace of aggressive rate moves.
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Man Drops $20,000 On Street In Switzerland. Then This Happened
When an elderly man suddenly realised that he was missing more than $20,000 in cash just withdrawn from a Swiss bank, he assumed he had been robbed.
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Swiss Artist Sculpts Sprawling Model Castle On Dried River Bank
Swiss artist Francois Monthoux's annual project to build clay sculptures on the banks of Switzerland's Toleure river has sprawled into a captivating castle complex this year as the drought afflicting Europe allows him to extend his dream world.
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China Plans Yuan Pool To Counter Dollar's Reserve Currency Status
China's central bank has signed an agreement with Switzerland based Bank for International Settlements to establish a yuan pooling scheme
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Credit Suisse Merger With UBS To Cost 3,000 Jobs In Switzerland
Banking giant UBS said Thursday that its merger with former rival Credit Suisse and full absorbtion of its Swiss unit would cause 3,000 job cuts in Switzerland in the coming years.
-
UBS Merger With Credit Suisse Raises Job Fears In Switzerland
Among the many concerns over the new megabank created by the merger of UBS and the beleagured Credit Suisse is how it will affect jobs and competition in Switzerland's banking sector.
-
Indian Financial System Completely Insulated From Developments In US, Switzerland: RBI Governor
India's financial system remains "completely" insulated from the recent developments in the US and Switzerland, RBI Governor Shaktikanta Das said, asserting that the country's banking system is resilient, stable and healthy.
-
Swiss Parliament Rejects $129.82 Billion Aid For Credit Suisse-UBS Merger
Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS, leaving the fallen bank's hastily arranged rescue without a largely symbolic parliamentary blessing.
-
"Not The Demise Of Switzerland": Swiss President On Credit Suisse Fall
The failure of banking giant Credit Suisse and its emergency takeover does not mean the downfall of Switzerland, President Alain Berset said Tuesday, insisting bankruptcy would have had disastrous consequences.
-
Credit Suisse and UBS Merger Could Cost 36,000 Jobs: Report
Before the merger, UBS and Credit Suisse had employed slightly more than 72,000 and 50,000 people, respectively.
-
Swiss Brace For Major Job Losses After Credit Suisse Buyout
Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff.
-
''Even The Mighty Can Fall'': Elon Musk Reacts To Credit Suisse's $3.25 Billion Rescue Deal
Credit Suisse is Switzerland's second-largest bank and the world's eighth-largest investment bank.
-
UBS Takeover Of Credit Suisse: Six Key Points
The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of Switzerland, where banking is a core part of the national identity.
-
Switzerland's Biggest Banks In Spotlight Over Likely "Merger Of Century"
UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.
-
Credit Suisse Stock Plunges 14% To New Record Low
Shares in Switzerland's second-biggest bank fell rapidly on the Swiss stock exchange, dropping 14.30 percent to 2.139 Swiss francs.
-
No Holiday Cheer For Markets As Central Banks Shrug Peak Rates Hopes: Report
Central banks in the United States, euro zone, Britain and Switzerland met on Wednesday and Thursday and all slowed the pace of aggressive rate moves.
-
Man Drops $20,000 On Street In Switzerland. Then This Happened
When an elderly man suddenly realised that he was missing more than $20,000 in cash just withdrawn from a Swiss bank, he assumed he had been robbed.
-
Swiss Artist Sculpts Sprawling Model Castle On Dried River Bank
Swiss artist Francois Monthoux's annual project to build clay sculptures on the banks of Switzerland's Toleure river has sprawled into a captivating castle complex this year as the drought afflicting Europe allows him to extend his dream world.
-
China Plans Yuan Pool To Counter Dollar's Reserve Currency Status
China's central bank has signed an agreement with Switzerland based Bank for International Settlements to establish a yuan pooling scheme
