Credit Suisse’s (CS) dealmakers, seeking to secure their positions after UBS Group’s (UBS) acquisition, are having a difficult time dispelling fears about a culture clash, Reuters’ Julie Zhe, Valentina Za, Scott Murdoch, and Amy-Jo Crowley report, citing sources familiar with the talks. Only a few senior Credit Suisse bankers will secure jobs after the rescue takeover, and UBS may let go its own underperformers, the authors note. Reference Link
Published first on TheFly
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- Credit Suisse suffers $4.4B in fund outflows since UBS pact, Bloomberg says
- Fed Reserve Board approves UBS acquisition of Credit Suisse’s U.S. subsidiaries
- Credit Suisse price target lowered to CHF 0.80 from CHF 2.30 at Barclays
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