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Credit Suisse to Cut 3,000 Jobs

Credit Suisse to Cut  3,000 JobsCredit Suisse to Cut  3,000 Jobs

The new Credit Suisse chief Tidjane Thiam could axe almost 3,000 jobs from its investment banking operations when he takes over later this year, NewsNow reported. Kian Abouhossein, a London-based analyst at JPMorgan Chase & Co said that personnel cuts would amount to 15% and would come as part of a shift of capital away from trading desks towards private banking in Asia.

 

Financialtribune.com