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Credit Suisse will cut 9,000 jobs by 2025 as it launches major overhaul to stabilise bank

Summary by Ground News
Switzerland's second-biggest bank launched a strategic review aimed at putting an end to a series of scandals. The Zurich-based bank revealed it was going for a "radical restructuring" of its investment bank. The bank intends to raise capital worth four billion Swiss francs through issuing new shares to qualified investors.
Published 3 months ago

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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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Credit Suisse to cut 9,000 jobs and seek billions in new investment

Shake-up aims to draw line under series of scandals and new £3.5bn loss at Swiss bank

3 months ago·London, United Kingdom
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Credit Suisse will cut 9,000 jobs by 2025 as it launches major overhaul to stabilise bank

GENEVA: Credit Suisse announced a string of radical measures on Thursday (Oct 27) aimed at turning around the beleaguered bank following huge third quarter losses, including revamping its investment banking unit, slashing 9,000 jobs and raising fresh capital. Switzerland's second-biggest bank launched a st

3 months ago·Singapore
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Credit Suisse, perdita monstre e cura da cavallo: taglierà 9mila dipendenti al 2025. Via a un aumento di capitale, i sauditi saliranno al 9,9%

L'istituto di Zurigo vara l'ennesima riorganizzazione per risollevarsi dopo gli scandali e le perdite. Rafforzamento patrimoniale da 4 miliardi, la Ban…

3 months ago·Turin, Italy
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Luxembourg impacté ? : Credit Suisse va supprimer 9.000 postes d'ici à 2025

La banque Credit Suisse, secouée par des scandales à répétition, a annoncé jeudi une transformation "radicale" de sa banque d'investissement, à l'origine de lourdes pertes. Une coupe franche dans ses effectifs est annoncée. Au Luxembourg, les salariés sont dans l'expectative.

3 months ago·Luxembourg City, Luxembourg
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Credit Suisse to slash 9,000 jobs, hive off investment bank in radical overhaul

2,700 staff will lose their jobs in the fourth quarter as the bank looks to strip out $2.5bn in costs

3 months ago
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