An employee at Credit Suisse's London office has said many staff are job hunting amid the 'disaster' faced by workers due to the bank's shock takeover by rival UBS
"This isn't 2008, let's be clear on that, but it is 2008 for Credit Suisse. Credit Suisse was very proud of itself, that they weren't one of the state bailed-out European banks in 2008, and unfortunately there's a real sense within the employees of the mismanagement of a few since that date, potentially arrogance, has cost 50,000 people their jobs."
"I think that something has not gone right and there's a lot of anger towards top management that the actions of a few over a period of time have cost a lot of people their job," they said."When I started, it was a really top bank. It's got huge heritage, it is a globally well-known bank, you were very proud to work there.
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