Credit Suisse could cut more than 5,000 jobs
The banking establishment is considering a large dismantling of its investment bank in the United States to focus on private banking.
The possible departure of Credit Suisse from the United States would imply its renunciation of playing an important role on Wall Street.
KEYSTONE/Michael Buholzer
Credit Suisse’s board is negotiating a broad dismantling of its investment bank. According to a provisional scenario, more than 5,000 jobs, mainly in the United States, are in the hot seat, indicates the “Sunday Newspaper”. The bank would prefer to focus on private banking, which is less risky.
Such a departure from the United States would result in losses of several billion and the definitive renunciation of playing an important role on Wall Street in New York. But the board still opposes it.
Few days ago, «Blick» announced that the bank was preparing thousands of redundancies and that Zurich would be particularly affected.
ATS
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