Credit Suisse to reduce about 85 jobs in investment banking

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP

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. 

Back to articles

Actual Topics

Tue, 22 Nov 2011 09:22:19 GMT

UBS investment banking manager in Japan to resign

UBS AG, the Switzerland's biggest bank announced that Yasuki Matsui, chairman of the investment banking unit in Japan is going to resign. Matsui is the third UBS Japanese executive after Taiji Okusu, Credit Suisse's manager of investment banking and CEO of Credit Suisse Paul Kuo who resigns from European bank this year. UBS did not announce reasons for Matsui resignation. In September UBS reported $2.3

Tue, 22 Nov 2011 09:20:49 GMT

US equities drop sharply on American lawmaker's failure to approve budget cuts

On Monday US stocks experienced a sharp decline as American lawmakers did not manage to reach an agreement on budget cuts that would allow reducing national debt. S&P 500 Index experience losses for a 4th session in a row and closed 1.9% or 22.67 points down. Dow Jones Industrial Average gave up 248.85 points, or 2.1% while Nasdaq Composite Index decreased 49.36 points, or 1.9%. According to

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.