SINGAPORE – UBS Group is weighing a plan to cut about two-thirds of Credit Suisse Group’s investment bankers in the Asia-Pacific as part of the first major job reductions in…
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EconomyEuropefinancialInvestment
The $17 Billion Wipeout of Credit Suisse Bondholders Has Not Gone Down Well in Europe
by Ryan Hughesby Ryan HughesOne section of Credit Suisse’s bondholders is set to be wiped out following the struggling bank’s takeover by UBS, causing them to see investments worth 16 billion Swiss francs ($17 billion)…
