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UBS To Cut More Than Half of Credit Suisse's 45,000 Staff

Bloomberg Daybreak: Europe Edition

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Thameswater's CEO Resigns

CEO of Thameswater, Sarah Bentley, has resigned with immediate effect last night. Sky News and FT are reporting on it and pushing that story further to look at how this could be a major, major problem. Unlike off-gem on the telecoms operators, water companies can't generate additional income. Nearly £1.4 billion of Thameswater's bonds mature by the end of next year.

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