GENEVA – The bank created by the UBS takeover of Credit Suisse is poised to reduce its workforce by 20-30 percent, Swiss daily Tages–Anzeiger reported on Sunday, citing an unnamed senior UBS manager. UBS agreed to buy Zurich rival Credit Suisse for 3 billion Swiss francs ($3.3 billion) in a deal engineered by the Swiss government, the central bank and market regulator to avoid a meltdown in the country's financial system. But the deal, which was also designed to help to secure financial stability globally, has raised concerns over the size of a new bank with $1.

https://business.inquirer.net/394423/up-to-30-of-jobs-to-be-cut-by-enlarged-ubs-tages-anzeiger-reports

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