Credit Suisse to Cut 900 More Jobs in Switzerland Heading into 2017

[kreslik.news]

Credit Suisse Group AG is ramping up its cost-cutting efforts on the home front in a bid to help spur its profitability. This includes the elimination of roughly 900 jobs as the lender sets up for a partial sale of its Swiss division.

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European lenders have faced a tough year in 2016, with the deepest cuts being felt in London. Leading banks such as Deutsche Bank, Standard Chartered, and Barclays have each embarked on ambitious measures to help kindle profits and sagging revenues, which to varying ... (read more)