Credit Suisse cuts 9,000 jobs to stem losses

Summary by Ground News

Credit 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

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Times of India

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, India

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BBC News

Credit Suisse cuts 9,000 jobs to stem losses

After a series of scandals and financial losses the Swiss banking giant is cutting jobs and restructuring the business.

3 months ago·United Kingdom

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Daily Express

Credit Suisse axes 9,000 jobs after 'ugly' losses

The banking giant is slashing jobs and restructuring in a bid to stem heavy losses despite a massive cash injection.

3 months ago·United Kingdom

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The Times

Credit Suisse aims for 9,000 job cuts in face of $4bn loss

Credit Suisse has unveiled a drastic plan to cut thousands of jobs, spin off part of its troubled investment bank and raise $4 billion from investors as its new

3 months ago·London, United Kingdom

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