Last March, UBS took over its rival bank in Switzerland after it was on the verge of bankruptcy.
The bailout is estimated to cost UBS around $17 billion. 13,000 million dollars in adjustments to assets and 4,000 million dollars for possible litigation.
According to Credit Suisse, the workforce has been reduced from 50,480 employees at the end of 2022 to about 48,000 in April, a reduction of 4.9%.
UBS and Credit Suisse expect to finalize their integration later this year.
With information from EFE