Banking Turmoil: UBS Takes Over Credit Suisse, More "Junk" for First Republic 03/20/23
Squawk on the Street
00:00
The Swiss National Bank and the U.S. Treasury Department - The Last Draw, I Think?
UBS has complete freedom in terms of pursuing those cost-cutting programs as it chooses to do so. There's nothing that comes along with this forced purchase, so to speak, that says, now you can't cut any jobs. The people who work for CSFB now in the states are worried about whether their jobs are at risk.
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