Credit Suisse restructures investment bank
Following a strategic review, Credit Suisse will undertake a "radical" restructure of its investment bank and cut thousands of jobs.
Source: financialstandard.com.au
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Following a strategic review, Credit Suisse will undertake a "radical" restructure of its investment bank and cut thousands of jobs.
Return of the capital markets and advisory bank is part of a broad restructuring.
Credit Suisse Group said that Michael Klein is expected to become chief executive of the spun-out First Boston unit, as a result of the radical restructuring of the Swiss lender's investment bank.