Credit Suisse may cut positions in Britain, US and Switzerland

Published on

Friday, July 1, 2011

Written by

Staff Reporter [1]

The Swiss has launched a job consultation in Britain, potentially extending staff cuts, according to a person familiar with the matter. The layoffs could affect investment banking staff on the advisory side of the business, as well as traders at Switzerland's second-largest bank. It is set to axe hundreds of investment bank jobs in Switzerland and the United States, reports said. Reuters

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