Credit Suisse's investment bankers are so concerned about cuts, employees are being told to look for new jobs. 'They encouraged it.'
in the group that didn't go with Apollo. The Atlas group remains in the Credit Suisse building, albeit cordoned off on a different floor and using separate elevators, one source said, and they're probably feeling a world apart from their former colleagues right now.
The scope of Credit Suisse's equity research coverage is broad, spanning some 3,000 public companies and fixed income and macro areas like foreign exchange and interest rates. While some structured products traders might be thrown a lifeline, UBS' Sunday pronouncement that Credit Suisse's trading businesses will be considered"noncore" left other employees in doubt.
Some Credit Suisse traders and bankers are taking the initiative and not waiting to see how the UBS deal will pan out. "Why go into a situation that I have no knowledge of and financially expose myself to getting a yearlong lease in New York? I could potentially not have a job and then I'm on the hook for $30,000 to $40,000. I don't know. There's just so many things going through my head."
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Musk responds to $100B credit line in $2B UBS-Credit Suisse deal: 'Wow'Twitter CEO Elon Musk responded to the news that UBS would get a $100 billion credit line in the buyout of Credit Suisse for $2 billion, with one word: wow.
Leer más »
UBS seeks $6 billion in govt guarantees for Credit Suisse takeover -source By Reuters*UBS SEEKS $6B IN SWISS GOVERNMENT GUARANTEES AS WEEKEND TALKS ENTER CRUNCH TIME FOR CREDIT SUISSE TAKEOVER $UBS $CS 🇨🇭🇨🇭
Leer más »
Crunch time for Credit Suisse talks as UBS seeks Swiss assurances By Reuters*CRUNCH TIME FOR CREDIT SUISSE AS UBS AND SWISS REGULATORS RUSH TO SEAL TAKEOVER DEAL AS SOON AS SUNDAY: REPORTS
Leer más »
UBS offers to buy Credit Suisse for up to $1 billion - FTUBS Group AG has offered to buy Credit Suisse for up to $1 billion, with the Swiss government planning to change the country's laws to bypass a shareholder vote on the transaction, the Financial Times reported on Sunday.
Leer más »
UBS offers to buy Credit Suisse for up to $1 billion - FT By Reuters⚠️BREAKING: *UBS OFFERS TO BUY CREDIT SUISSE FOR $1 BILLION IN SHARES, A FRACTION OF ITS MARKET VALUE $UBS $CS 🇨🇭🇨🇭
Leer más »
UBS seeks Swiss backstop in any Credit Suisse deal - Bloomberg News By Reuters*UBS SEEKS SWISS BACKSTOP IN ANY CREDIT SUISSE DEAL $UBS $CS 🇨🇭🇨🇭
Leer más »