Sergio Ermotti
UBS set to carve up Credit Suisse after takeover day
UBS is set to finalise the takeover of Credit Suisse today, but the hardest part is yet to come: turning the arranged marriage of Switzerland's biggest banks into a success.
On June 5, the two Zurich-based banks announced that the merger should be completed on June 12.
A merger this complex could turn out to be a nightmare, particularly given how little time UBS has had.
Up to 30 pct of jobs may go in UBS-Credit Suisse merger: Reports
The merger between banks Credit Suisse and UBS could see up to 36,000 jobs being cut across the world, the SonntagsZeitung weekly reported yesterday.
The takeover by UBS of Credit Suisse was hastily arranged by the Swiss government on March 19 to prevent a global financial meltdown, following fears of contagion from the collapse of banks in the United States.
Watches worn by some of the most powerful people in the finacial world (photos)
The wristwatch has been a part of men’s fasion for over 200 year since it was invented. Apart from its practical use of someone telling the time, the watch can also reveal the personality and style of an individual.