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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.

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  • 60% of the sources are Center
60% Center
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The Times broke the news in London, United Kingdom on Thursday, October 27, 2022.
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