Credit Suisse set to cut thousands of jobs

Thousands of jobs are likely to be axed at Credit Suisse
Credit Suisse graph

Credit Suisse is planning to cut thousands of jobs as part of a major cost-cutting plan. The move comes as the bank last week announced that it had made a multibillion-dollar loss and written off billions in goodwill.

“Given the challenging environment we face, we decided in the fourth quarter to accelerate the implementation ...