That’s only the beginning, with one person estimating the final toll could be a multiple of that number
Even before Credit Suisse Group’s government-brokered takeover, the Swiss lender was in the process of cutting 9,000 jobs in an effort to save itself.
That’s only the beginning after rival UBS Group agreed to buy the troubled bank, according to people familiar with the discussions, with one person estimating the final toll could be a multiple of that number. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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