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Credit Suisse Group AG is planning a fresh round of job cuts at the global wealth management business starting next week, adding to dismissals that already started at the investment bank, according to people familiar with the matter.
The bank said it started 2,700 job cuts in the fourth quarter and is aiming to reduce about 9,000 positions by 2025.
The No. 2 Swiss bank is fighting to survive but concerns are growing.
Seeking to restore vigour to a business that's been languishing, Credit Suisse says it will reshape its investment bank by resurrecting the First Boston brand. ... | October 28, 2022
The social network’s new owner has just a few days to determine whether to pay millions to employees, or get rid of them.