Credit Suisse Paths Narrow on Low UBS Bid, Government Aid Talks


Credit Suisse’s process of cutting 9,000 jobs in an effort to save itself would be escalated should the firm be taken over by UBS, according to people familiar with the discussions, with one person estimating the final toll could be a multiple of that number. The two lenders together employed almost 125,000 people at the end of last year, with about 30% of that in Switzerland.