Francesca McDonagh has been tipped to be next NatWest CEO
UBS
Decision likely to face Swiss public and political backlash and lead to thousands of job losses
How Warrington-born Irishman came to oversee the most complicated bank merger in history
Bank of Ireland makes headlines across Europe, sharing space with other recent missteps
Class action claim includes hundreds of failed bank’s former employees
Bank says Swiss government’s protection from losses no longer needed
Swiss parliament declines to comment after time frame reported by newspaper Aargauer Zeitung
Lender eyes €5.5 billion in cost savings
Five senior executives leave after rival absorbs stricken bank
List of nearly two dozen ‘red lines’ has been drawn up
Agreement is final hurdle ahead of expected completion of Credit Suisse takeover next week
Market analysts fear deal will add to growth challenge for economy and risks adverse ratings attention
Pushing second-quarter results until the end of August would buy the bank time to work through complex takeover
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