Loan Digest

Credit Suisse may be due for ‘massive downsizing’, UBS chief hints

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 71%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

‘Strategic adjustments' implemented in UBS will be applied to Credit Suisse to 'reduce the risks of the combined bank for Switzerland', Sergio Ermotti says

Credit Suisse Group AG may be due for a “massive downsizing” of its investment banking businesses after its takeover by UBS Group AG, chief executive officer Sergio Ermotti said in an article.

UBS went through similar steps in Ermotti’s earlier tenure, the CEO wrote in an opinion piece in Swiss newspaper Tages-Anzeiger on Saturday. He also said that the firm had simplified its structure and that a “prudent corporate culture” is at the core of ...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Clueless about credit: the rising perils of ‘buy now, pay later’ appsMany young people don’t know how credit cards or buy now pay later services work and how much they cost, but a few simple tips can help keep heads above water when it comes to debt
Source: businessposthq - 🏆 8. / 71 Read more »