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If you lookjust in switzerland, both of them have at least one branch, more in a big city like bern, but at least one branch in every town. so we are looking certainly at probably thousands ofjob losses, because what is the point of having two branches of the same bank in a small town or village? that s clearly not going to happen. but i think also if you look globally, there is going to be a lot of scrutiny now. these are both globally important banks. now it will be just ubs. what is going to happen with the investment sector? with the wealth management sector? further down the line, given that this meltdown seemed to take the swiss financial regulators by surprise, what does it mean for switzerland s reputation for being a safe place to invest your money? this is a catastrophe, frankly. ....
But both of them are already huge. if you lookjust in switzerland, both of them have at least one branch, more in a big city like bern, but at least one branch in every town. so we are looking certainly at probably thousands ofjob losses, because what is the point of having two branches of the same bank in a small town or village? that s clearly not going to happen. but i think also if you look globally, there is going to be a lot of scrutiny now. these are both globally important banks. now it will be just ubs. what is going to happen with the investment sector? with the wealth management sector? further down the line, given that this meltdown seemed to take the swiss financial regulators by surprise, what does it mean for switzerland s reputation for being a safe place to invest your money? this is a catastrophe, frankly, not just for credit suisse ....
Both of them have at least one branch, or more in a big city like bern, but at least one branch in every town. so we are looking certainly at probably thousands ofjob losses, because what is the point of having two branches of the same bank in a small town or village? that is clearly not going to happen. but i think also if you look globally, there is going to be a lot of scrutiny now. these are both globally important banks. now it will be just ubs. what is going to happen with the investment sector? with the wealth management sector? further down the line, given that this meltdown seemed to take the swiss financial regulators by surprise, what does it mean for switzerland s reputation for being a safe place to invest your money? this is a catastrophe, frankly, not just for credit suisse but for the swiss financial sector. ....
Therefore confident that in this difficult situation, the takeover of credit suisse by ubs is the best solution for restoring the confidence that has been lacking in financial markets recently, and for best managing the risk to our country and its citizens. our geneva correspondent imogen foulkes explains the significance of this merger on the global stage. it s early days. but i don t think it s going to be easy. ubs is the bigger of the two, but both of them are already huge. if you lookjust in switzerland, both of them have at least one branch, more in a big city like bern, but at least one branch in every town. so we are looking certainly at probably thousands ofjob losses, because what is the point of having two branches of the same bank in a small town or village? that s clearly not going to happen. ....
Regulator, credit suisse and by ubs. the federal council has every confidence that in this difficult situation, the takeover of credit suisse ubs is to restore the confidence that has been lacking recently and for best managing the risk to our country and its citizens. our geneva correspondent imogen foulkes explains the significance of this merger on the global stage. it is early days. but i don t think it is going to be easy. ubs is the bigger of the two but both of them are already huge. if you lookjust in switzerland, both of them have at least one branch, or more in a big city like bern, but at least one branch in every town. so we are looking certainly at probably thousands ofjob losses, ....