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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: private banking

private banking stories: 1 news summaries

 Credit Suisse 
 Cuts 5,300 Jobs, 
 11% of Workforce 

Investment banking unit takes major hit as bank joins rush to cut expenses

Dec 4, 08 6:30 AM CST
(Newser) - Switzerland’s second largest bank, Credit Suisse, is slashing 5,300 jobs—11% of its global workforce—after posting a $2.48 billion loss in the first two months of this quarter, reports the Wall Street Journal. Most of the cuts will come from its moribund investment banking unit as... More »

MORE ABOUT:
Citigroup • layoffs • Credit Suisse • job cuts • banking industry • financial crisis • private banking

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