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. 

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