The Swiss government will conduct an in-depth investigation into the crisis that led to the collapse of the major bank Credit Suisse. The government promised this to the Swiss parliament on Thursday. The larger Swiss industry peer UBS eventually bailed out Credit Suisse. The Credit Suisse crisis and the bailout […]
Switzerland
Swiss banking group UBS will reduce its workforce by 20 to 30 percent after acquiring its troubled industry peer Credit Suisse. This means 36,000 jobs will be cut worldwide, reports the Swiss newspaper SonntagsZeitung. The newspaper bases itself on statements made by a manager at the bank. In Switzerland, 11,000 […]
According to the Financial Times, Swiss bank UBS has offered to buy troubled Credit Suisse for up to $1 billion. However, Credit Suisse believes the offer is far too low; sources told Bloomberg. The Swiss authorities are therefore planning to change laws to circumvent the vote of the shareholders on […]
In Switzerland, a baby died for the first time from the effects of the coronavirus. According to the authorities, it is a baby who was infected abroad, local media reports. In the Alpine country, at least two corona patients, including the baby, died in the past 24 hours. The […]
