In wake of Credit Suisse, Switzerland told to better prepare for bank failure

Switzerland has been urged to prepare for the potential failure of UBS, the country's largest bank, following the collapse of Credit Suisse, with experts calling for improved readiness and regulatory reforms.

reuters.com

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8/31/2023

UBS will cut 3,000 jobs in Switzerland as it absorbs Credit Suisse

Swiss banking giant UBS plans to reduce its workforce by around 3,000 jobs, or 8% of staff, in Switzerland as part of a cost-cutting program following its acquisition of Credit Suisse, amid controversy over the deal.

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