staff it is "critical" to remain focused on clients and keeping the business running as the merger of the two banks proceeds, according to an internal memo seen by Reuters.
, Swiss authorities announced that UBS would buy Credit Suisse in a shotgun merger to stem further banking turmoil after the smaller lender had come to the brink of collapse.last week it was rehiring Ermotti as CEO, its former boss from 2011 to 2020, to steer the takeover which will create one bank with $1.6 trillion in assets and more than 120,000 staff.
Still, he tried to calm the nerves of anxious employees worried about massive lay-offs and upheaval ahead.
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Maybe can be re-educated
When did Steve Martin start work there?