UBS to Cut Up to 30% of Headcount

The video discusses the impact of the UBS and Credit Suisse merger, highlighting significant job cuts both in Switzerland and globally. It also covers the Swiss prosecutors' criminal probe into the takeover, focusing on potential wrongdoing. Additionally, the video addresses HSBC's shareholder meeting, where the CEO and Chairman are expected to respond to pressure from shareholders regarding a proposed spin-off.

What concerns are raised regarding the potential job cuts due to the merger?

What stance is HSBC taking regarding the proposal to split the bank?