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The total number of jobs lost will hit 6,000 as the bank wrangles with bad markets and bad decisions by trading staff.
Credit Suisse is struggling with challenging, volatile markets and some traders’ poor choices, and will be speeding up its restructuring, which means that the Swiss banking giant will be cutting 2,000 more trading-related jobs from its Global Markets investment banking division. Last month, the bank said that it would cutting 4,000 staff members. The bank’s...
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