Credit Suisse Axes Equities Jobs in Hong Kong, Tokyo

[kreslik.news]

Credit Suisse unveiled more cuts to its personnel regiment, its first such development since posting its $2.4 billion loss last month. Its latest cuts are more muted in scale, entailing less than ten jobs in its Asian equities decks.

More specifically, Credit Suisse Group is jettisoning half a dozen equities jobs in Hong Kong and Tokyo as part of its plan to restore profitability, according to a Bloomberg report. The decision represents a departure from Credit Suisse’s strategy thus far, which has focused on cuts in the UK or Europe.

Back in December, Credit Suisse announced an additional round of ... ([url=http://www.financemagnates.com/institutional-forex/brokerage/credit-suisse-axes-equities-jobs-hong-kong-tokyo/]read more)