The Ticino has the difficult mission of leading UBS, which will have to integrate Credit Suisse. The German press mentions up to 36,000 layoffs worldwide, including 11,000 in Switzerland.
How does it feel to be one of the most watched bankers on the planet? The new strongman of UBS will take his first steps this week and if the banking world lives on the confidence of the markets, Sergio Ermotti had better stay focused.
The bank with the three keys has pulled out its trump card to bring some serenity back to the world of Swiss finance, but questions remain. The general meetings of Credit Suisse and UBS will be held on Tuesday April 4 and Wednesday April 5, the first since the unthinkable fall of the second Swiss bank, and they promise to be stormy, while the German-speaking Sunday press, citing internal sources anonymous, announces between 25,000 and 36,000 job cuts, including 11,000 in Switzerland.
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