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Credit Suisse says 650 jobs to go

Publication: 
Editorial Staff
chiefofficersnet

Global banks are in global crisis and Credit Suisse says that it is to cut 650 jobs, mainly in its flagship investment banking division.

Credit Suisse has a worldwide staff of around 21,000.

The figure should be set against that for UBS, often seen as CS's main rival. In October, UBS announced 2,000 jobs would go.