Statistics show that in 2023, the world's top 20 banks cut at least 61,905 jobs, second only to the 2007-2008 global financial crisis.。

Swiss authorities and banks, including UBS, are discussing new measures to prevent bank runs, a move that could have an impact on billions of deposits, the report said.。

On August 11, UBS said it had halted a bailout of Credit Suisse with Swiss authorities and had repaid an emergency loan provided by the Swiss National Bank.。

On June 12, UBS said it had completed its acquisition of Credit Suisse.。Upon completion of the acquisition, UBS will take another step forward in wealth management and will become an asset-liability expression1.$6 trillion of Swiss giant banks, compared to 8,075 GDP for an entire country in 2022.$6.8 billion。

Hundreds of employees at Credit Suisse quit every week, according to media reports, suggesting the bank faces a lot of uncertainty when it is taken over by rival UBS.。

On March 19, local time, the Swiss government brokered a historic deal to contain a crisis of confidence that has begun to spread to global financial markets。Credit Suisse Group, the world's fifth-largest consortium with a century-old history, will be acquired by UBS, thus completely withdrawing from the stage of history。