BBC2y
Credit Suisse cuts 9,000 jobs to stem losses
Banking giant Credit Suisse is cutting thousands of jobs and restructuring its business ... the next three years but did not say where the cuts would fall. Chairman Axel Lehmann dubbed the ...
Traders Magazine8y
Credit Suisse CEO Targets Job Cuts, Forecasts Quarterly Loss
(Bloomberg) — Credit Suisse Group AG Chief Executive Officer Tidjane Thiam pledged to accelerate a restructuring through deeper cost cuts and by eliminating an additional 2,000 jobs as he forecast a ...
Business Insider1y
Credit Suisse's investment bankers are bracing for widespread cuts by UBS. Insider breaks down the likely winners and losers by division.
Equity research: Losers Credit Suisse insiders and watchers say that areas of overlap between the bank and UBS will be those where job cuts are the highest. One such division may be equity ...
UBS said to plan another round of job cuts in wake of Credit Suisse integration
When the Credit Suisse takeover closed in June, UBS's (UBS) workforce jumped by ~45K to ~120K. The latest batch of cuts are ...
Swissinfo12y
Further cuts confirmed at Credit Suisse
Credit Suisse intends to save a further SFr1 billion ... closely by the media that has been predicting a savage round of job cuts. Media reports that the group intends to substantially slash ...
Swiss report on Credit Suisse collapse to be published Friday
A Swiss parliamentary report into how authorities managed the 2023 collapse of Credit Suisse will be published on Friday, the ...
Hosted on MSN11mon
Banks cut 60,000 jobs amid one of toughest years since 2008 financial crisis
having already eliminated 13,000 positions bringing the total headcount to 116,000 after it acquired Credit Suisse. Wells Fargo, the second-largest contributor to job cuts in 2023, revealed a ...
Business Insider India1y
Tens of thousands of Credit Suisse staffers are about to find out if they still have a job
Everyone knew that deep cuts would be coming at Credit Suisse, the bank that was taken ... Goldman Sachs has eliminated more than 3,000 jobs, Morgan Stanley is eliminating 3,000, and JPMorgan ...
The Straits Times26d
Credit Suisse in crisis: What went wrong?
Mr Koerner’s three-year recovery plan involves 9,000 job cuts, dismantling the investment banking behemoth assembled over five decades and returning Credit Suisse to its origins as banker to the ...
International Financing Review1y
UBS and Credit Suisse offer US$30,000 to incoming staff to defer start
The move comes as UBS is about to complete its SFr3bn (US$3.3bn) takeover of Credit Suisse after rescuing its rival in March in a deal backed by Swiss authorities. The combined bank is expected to cut ...
The Straits Times26d
Credit Suisse staff from Singapore to London flood headhunters with calls
“The best ones at Credit Suisse have probably already left ... But UBS was clear there will be job cuts, with the investment bank it is inheriting likely to be particularly impacted.
MercoPress3y
Credit Suisse cuts relations with wealthy Venezuelan families
Fearing of doing business with politically-exposed clients in a sanctions-hit country, Credit Suisse Group AG has cut relationships with a number of Venezuela’s wealthy. Switzerland’s lender ...