Swiss bank announces job losses

Credit Suisse Group has announced a 3% cut in its staff across the board after reporting weak third-quarter net profits of 683m Swiss francs (€570m).

Swiss bank announces job losses
Tue, 01 Nov, 2011 - 07:44

Credit Suisse Group has announced a 3% cut in its staff across the board after reporting weak third-quarter net profits of 683m Swiss francs (€570m).

The bank’s earnings follow weak reports across the banking industry this season due to low trading activity.

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