ZURICH, May 31 Reuters Hundreds of Credit Suisse39;s employees are resigning each week in a sign of uncertainty gripping the lender while it is being taken over by rival UBS, two people familiar with the matter said on Wednesday.

Credit Suisse bankers, worried about their future are seeking safer employment at competitors, one person said.

Both declined to be named because they are not authorized to speak publicly.

Swiss newspaper Blick reported earlier on Wednesday that each day around 150 people worldwide were resigning from Credit Suisse while one of the two people said they saw about 200 resignations a week.

UBS agreed on March 19 to take over its smaller Swiss rival as part of a rescue arranged by the Swiss authorities after a bout of market turmoil brought the struggling lender to the brink of collapse.

Credit Suisse said in April that the bank39;s employee attrition has been higher over the last year, and that it had just over 48,000 fulltime employees at the end of the first quarter. It reported 50,480 fulltime staff at the end of 2022.

In an example of competitors poaching Credit Suisse39;s staff, Santander, Spains biggest bank, has hired at least eight bankers from Credit Suisse and was targeting more, Bloomberg News reported this month.

UBS has been rushing to close the deal well before the end of this quarter, seeking swift approvals from regulators worldwide, to provide greater certainty for Credit Suisse clients and employees. Its chairman Colm…