Investment bank looks to downsize by moving posts abroad or cutting jobs,as several banks weigh up potential results of vote on EU membershipCredit Suisse is to cut about 2000 jobs at its London operation, either by laying off staff or moving posts offshore.
The cuts, or allotment of a $6.3bn (£4.1bn) restructuring contrivance introduced by the original chief executive,Tidjane Thiam, which involves slimming down the group’s investment bank, or include axing about a third of the posts at Credit Suisse’s London office. Related: Tidjane Thiam signals strategy shift at Credit Suisse as profits soar Continue reading...
Source: theguardian.com