US President Donald Trump fired General Timothy Haugh as director of the National Security Agency, in a national security purge that sources said on Friday included more than a dozen staff at the White House national security council. NSA director Air Force General Haugh, who is also head of US Cyber Command, was dismissed along with Wendy Noble, his deputy at the NSA, two sources familiar with the decision said. Two other sources said at least 10 staff were let go at the NSC, along with four senior directors, including the entire International Organization (IO) Directorate, which works with international and multilateral groups like the United Nations. No reason was given for the firings, which took place after the Republican president had an Oval Office meeting with Laura Loomer, a far-right political activist known as a conspiracy theorist, who said on X.com she had given Trump a list of officials she considered disloyal to him. The White House declined comment and the Pentagon ...
Several hundred Credit Suisse investment bankers will soon be fired as UBS begins to implement the merger of the two banks, the Swiss weekly HandelsZeitung said Friday.
UBS agreed to buy its rival in a hastily arranged 3-billion-franc ($3.5 billion) fire sale over a March weekend by Swiss authorities afraid that a weakened Credit Suisse would go bankrupt, with speculation rife since about the impact on jobs.
HandelsZeitung said that according to its sources UBS chief executive Sergio Ermotti wants to rapidly get to work on eliminating the huge amount of duplication in their operations.
"The transformation is beginning: in the coming days several hundred Credit Suisse bankers will receive termination notices," said the weekly.
It noted that the Swiss media have speculated about between 30,000 and 35,000 job cuts across the world.
At the end of last year, the two banks had around 120,000 employees between them across the world, including 37,000 in Switzerland.
UBS declined to comment when contacted by AFP.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
from NDTV News- Special https://ift.tt/xgIrJqA
Comments
Post a Comment