Wednesday 7 December 2016

Credit Suisse profits up but jobs to go

Published 01/11/2011 | 09:19

BANKING giant Credit Suisse said its third-quarter net profit rose 12pc from a year ago to 683 million Francs (€562m), but said it would cut staff by 3pc.

  • Go To

As the Swiss group employed 50,700 people at the end of September, its latest cost-cutting programme would see a reduction of about 1,500 jobs.

The group did not specify the departments targetted for cuts, but said it hoped to save 800 million francs by 2013 from the reductions.

Read More

Promoted articles

Editors Choice

Also in Business