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UBS Exclusive: A Spanish Exit for 147 Credit Suisse Bankers?

UBS Group AG is implementing staff reductions at Credit Suisse’s investment bank in Spain as part of its ongoing efforts to scale back the securities unit of its former rival.

Sweeping Changes: UBS slashes investment banking jobs in Spain following acquisition of Credit Suisse. PHOTO: Fabrice Coffrini | AFP | Getty Image

The Swiss bank announced on Wednesday that a restructuring process has been initiated, impacting a total of 147 individuals.

All investment bankers in the country will be affected, along with a smaller

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