Credit Suisse, UBS shares drop as Swiss prosecutor launches criminal probe over merger t.co/XITko92oQw pic.twitter.com/XomtwCZQHa
— New York Post (@nypost) April 4, 2023
Credit Suisse faces protests from angry shareholders ahead of its first annual general meeting since the UBS takeover
Oliver Crook has the latest from Zurich t.co/0AiqvmGVXr pic.twitter.com/PwsW66vKg9
— Bloomberg TV (@BloombergTV) April 4, 2023
UBS plans to lay off as many as 36,000 workers as part of its takeover of Credit Suisse. That would make it the company with the single largest job cut globally in the past six months t.co/y9KXEsnSPM
— Bloomberg Markets (@markets) April 4, 2023
Switzerland's top prosecutor is looking into the rushed Credit Suisse/UBS deal. Areas of concern where laws may have been broken:
-Government officials offered taxpayer-funded guarantees to UBS
-Execs & gov't officials rushed to get a deal done without potentially considering…
— Genevieve Roch-Decter, CFA (@GRDecter) April 3, 2023
Bloomberg) –Had Credit Suisse Group AG not been sold to UBS Group AG, it would have gone bankrupt the next trading day, causing a global financial crisis, according to Swiss National Bank Vice President Martin Schlegel.
— Igor Schatz (@Copernicus2013) April 3, 2023
CREDIT SUISSE GROUP AG AND UBS GROUP AG SHARES DOWN AROUND 5% AFTER SWISS PROSECUTOR OPENS PROBE t.co/y6AEzbvgmR
— Russian Market (@runews) April 3, 2023