<ul><li>The Swiss government hastily arranged the takeover of Credit Suisse by UBS on March 19 to prevent a global financial meltdown.</li><li>The merger could result in up to 36,000 job cuts worldwide, with up to 11,000 in Switzerland alone.</li><li>UBS announced the appointment of former CEO Sergio Ermotti to handle the risks involved in the merger.</li><li>Credit Suisse was embroiled in a series of scandals before the merger, including the bankruptcy of Greensill and the implosion of Archegos, a bribery scandal in Mozambique, and a money laundering case linked to a Bulgarian cocaine network.</li></ul>

UBS-Credit Suisse merger to result in up to 36,000 job cuts worldwide: Reports

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