Credit Suisse accelerates its restructuring plans

Restructuring includes an additional 2,000 job cuts

27th March, 2016
4
Credit Suisse is to cut an additional 2,000 jobs

Banking giant Credit Suisse has announced plans for further cost-cutting, including an additional 2,000 job cuts.

“Since October 2015, we have made good progress in reducing our fixed cost base across the organisation and our cost programme is moving at pace. Today, we are announcing an increase to our 2018 cost reduction target from CHF 3.5 billion gross savings to at least CHF 4.3 billion, driving our absolute operating cost base below CHF 18 billion by...

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