Thursday, July 14, 2011
Credit Suisse Swings Ax - Bigtime
Credit Suisse Group is preparing to cut roughly 3% of its total work force, or at least 1,500 jobs, including staff cuts at its private-banking unit, which is struggling with a costly surge in the value of the Swiss franc, a person familiar with the situation told the Wall St Journal
Of the total jobs to go, 500 are at Credit Suisse's private bank, where the strong Swiss franc against other major currencies ...
Read more at http://professional.wsj.com/article/SB10001424052702304911104576445271510488888.html?mg=reno-secaucus-wsj
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment