Summary by Ground NewsCredit Suisse is cutting thousands of jobs and restructuring its business. The bank said 9,000 posts would go over the next three years. The workforce will fall from 52,000 now to 43,000 by the end of 2025. It is also setting up a "bad bank" unit to house high-risk assets.
Published 3 months ago
Credit Suisse cuts 9,000 jobs to deal with losses. Read more
Banking giant, Credit Suisse is cutting off thousands of jobs to restructure its business to deal with losses and investor concerns. The bank announced it would take decisive actions after it reported losses of $4 billion in the recent quarter.
3 months ago·Mumbai, IndiaRead Full Article
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