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Credit Suisse the second largest
Switzerland's bank is planning to reduce about 85 positions within its
investment banking division. The job cuts in London and other cities are a part
of 2000 job cuts reported in July. This month Credit Suisse claimed to remove
1500 jobs as bank's investment banking division reported for loss in 3rd
quarter, the first since 2008. Additionally bank is pressed by regulators to increase
its capital reserves.