When the shockwave set off by the failure of Silicon Valley Bank swept the legs from under Credit Suisse, all the talent and relationships of a big investment bank were up for grabs. UBS has tried to hang on to what it sees as the best bits but the biggest beneficiaries are likely to be rivals. Jon Hay and David Rothnie report
Manager Jeffrey Baergen said the program has been in the works for four years, but the process was speeded up when overdose deaths began rising. The program has room to grow, he said. Adult men are in the program for six months, and can then move to second- and third-stage housing. “So they can actually stay here for up to two years,” Baergen said. He said the Salvation Army believes in recovery first, rather than housing first. “Unhealthy people simply cannot sustain housing,” he said. “Until we prioritize health over housing, the cycle of homelessness will never end. “Recovery is a piece of a very complex continuum that aims to end that cycle.”