Banking giant Credit Suisse is cutting thousands of jobs and restructuring its business ... the next three years but did not say where the cuts would fall. Chairman Axel Lehmann dubbed the ...

(Bloomberg) — Credit Suisse Group AG Chief Executive Officer Tidjane Thiam pledged to accelerate a restructuring through deeper cost cuts and by eliminating an additional 2,000 jobs as he forecast a ...

Staff previously employed in Credit Suisse’s investment bank made up “a strong part” of the fourth quarter job cuts, chief financial officer Todd Tuckner told reporters on a call.

The scale of the potential job cuts comes in the wake of a string of scandals and mounting legal fees. In June, Credit Suisse was convicted of failing to prevent money laundering by a Bulgarian ...

The scale of the potential job cuts underlines the challenge facing Credit Suisse and new chief executive Ulrich Koerner, who is seeking to put the bank back on an even keel after a string of ...

Swiss banking giant UBS has warned it plans to cut thousands of jobs despite making a record profit from buying struggling rival Credit Suisse. UBS made $29.3bn (£22.8bn) profit between April and ...

Everyone knew that deep cuts would be coming at Credit Suisse, the bank that was taken ... Goldman Sachs has eliminated more than 3,000 jobs, Morgan Stanley is eliminating 3,000, and JPMorgan ...

Swiss banking giant UBS could shed a further 18,000 jobs by the end ... already said it plans to cut 3,000 positions within Switzerland after the merger with Credit Suisse. Analysts told the ...

UBS is planning to cut 3,000 jobs in Switzerland as it continues to integrate Credit Suisse following the shock takeover of its rival earlier this year. UBS chief executive Sergio Ermotti said in ...

Fearing of doing business with politically-exposed clients in a sanctions-hit country, Credit Suisse Group AG has cut relationships with a number of Venezuela’s wealthy. Switzerland’s lender ...