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Houston Office

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finance2 years ago•1 min saved

UBS Cuts Credit Suisse Staff, Shuts Houston Office

UBS Group is laying off employees from Credit Suisse's investment bank in New York and closing Credit Suisse's office in Houston, which used to lead business with the oil industry. The scale of the layoffs and specific businesses affected were not disclosed. UBS recently acquired Credit Suisse and has expressed its intention to reduce the risk of Credit Suisse's investment bank.

via Yahoo Finance|

#credit-suisse #finance #houston-office

business2 years ago•0 min saved

UBS Shuts Down Credit Suisse's Houston Office

UBS is set to close Credit Suisse's Houston office, which was active in investment banking in the energy sector. Several senior employees have already left for competitors. UBS is also closing its own investment banking office in the city, which focused on clean energy technologies. Credit Suisse's Houston team had worked on notable transactions, including the IPO of Parsely Energy and Diamondback Energy.

via finews.com|

#business #credit-suisse #energy-sector