Credit Suisse faces shareholder backlash at annual meeting.

UBS will hold its annual general meeting on Wednesday amid controversy and legal peril following its takeover of Credit Suisse last month. Shareholders will seek reassurance that the board has a clear plan for the integration of the two banks. UBS CEO Sergio Ermotti will take the reins after his shock reappointment last week. Concerns remain over the scale of the new entity and whether it creates too much concentrated risk for the Swiss and global economy. Reports have suggested that UBS' plans may include job cuts of around 20-30% of the combined entity's global workforce.