Credit Suisse Group rating downgraded by S&P
Synopsis by Handelsblatt May 17 22
The major Swiss bank has been in crisis for months. S&P is now downgrading the credit rating from "BBB+" to "BBB".Read full articleReuters: Credit Suisse Group rating downgraded by S&P
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| Last Updated | May 17 22 |
| Total Articles | 2 |
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S&P lowers Credit Suisse rating: The major Swiss bank has been in crisis for months. S&P is now downgrading the credit rating from "BBB+" to "BBB".
handelsblatt.com/finanzen/banken-versicherungen/banken/bank-sundp-senkt-credit-suisse-rating/28347972.html
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Quick Glance: UBS Plans Further Layoffs in Credit Suisse Integration
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- The cuts are expected to affect over a hundred positions in the firm's global investment bank.
- Job losses are also anticipated in the Wealth Management and Markets units.
- These measures signify the latest round of cuts at the bank, aiming to save around $6 billion in staff costs in the upcoming years.
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