I might have a SA with UBS / Credit Suisse.
Currenlty looking into these 2 Swiss banks. In the news it is consistently reported that Basel 3 regulation will be very punitive for both UBS and Credit Suisse. IBD will not be profitable at all and mass layoffs may be required.
Also certain business for CS for instance leveraged finance will be very restricted.
Is it still good to join these banks for a long term career?
Anybody any views / news on these issues?