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GENEVA (AP) — Credit Suisse says it plans to cut at least 3,400 jobs over three years in Britain and Switzerland and raise billions in a new share offering after its net profit fell 24 percent in the third quarter. The Swiss firm on.

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GENEVA (AP) — Credit Suisse says it plans to cut at least 3,400 jobs over three years in Britain and Switzerland and raise billions in a new share offering after its net profit fell 24 percent in the third quarter. The Swiss firm on.

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New York — Credit Suisse First Boston will eliminate as many as 1,750 jobs, or 7 percent of its work force, and some investors say it may need to cut more as global mergers and share sales slump to the lowest levels in at least five.

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Credit Suisse said it is now targeting cost reductions of at least 4.3 billion Swiss francs ($4.4 billion) by 2018, up from 3.5 billion francs previously. Savings of 1.7 billion francs are expected this year. The company now plans to cut 6,000.

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(Reuters) – Credit Suisse Group AG said it would lay off 163 employees at. to lock in 1.2 billion of the targeted 3.5 billion francs by 2018, with around 4,000 jobs being cut. (Reporting by Nikhil Subba in Bengaluru; Editing by Sriraj.

Credit Suisse is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter that includes "substantial charges which are not reflective of our underlying business performance," the bank said.

“It’s a little soft across the board but overall, when you’re this close to full employment, I think it’s reasonable to see some slowdown in job gains,” Jeremy Schwartz, a U.S. economist at Credit Suisse in New York, told Bloomberg.

Research Triangle Park, N.C. — Swiss financial services giant Credit Suisse is cutting 4,000 jobs. The layoffs were disclosed Thursday after the bank disclosed a massive pre-tax loss for the fourth quarter.

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Credit Suisse and Barclays Capital said they plan job cuts. Credit Suisse said it will eliminate 75 posts in the UK. Barclays Capital is cutting 300 administrative jobs, a person with knowledge of the matter said at the time. Barclays.

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Swiss banking giant Credit Suisse on Wednesday said it is aiming to cut an extra almost $1 billion in costs and slash thousands more jobs as it beefs up an ongoing restructuring programme. Credit Suisse’s new chief executive.

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Credit Suisse, a leader in the global cleared derivatives industry, selected the FIS Derivatives Utility for its post-trade derivatives clearing operations and.

Switzerland’s second biggest bank also said it planned to cut between 5,500 to 6,500 more jobs in 2017 as chief executive Tidjane Thiam presses on with a major effort to reduce costs. In a statement, Credit Suisse said its net.

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UBS is to cut 3000-5000 jobs as part of cost-saving measures to offset falling profit, while rival Swiss bank Credit Suisse may announce 1000-2000 cuts, Der Sonntag newspaper reported. UBS plans to shed 900 jobs in information.

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UBS (LSE: 0QNR.L – news) weighs staff moves after Brexit * Credit Suisse (IOB: 0QP5.IL – news) to cut 1,500 jobs in London (Adds UBS comment in paragraph 15) By John O’Donnell and Joshua Franklin ZURICH, June 8 (Reuters) -.

Swiss banking giant Credit Suisse (LSE: 0QP5.L – news) on Wednesday said it is aiming to cut an extra almost $1 billion in costs and slash thousands more jobs as it beefs up an ongoing restructuring programme. Credit Suisse’s new.

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Swiss banking major Credit Suisse on Tuesday said it will axe 1,500 jobs worldwide as part of its aggressive cost-cutting measures. This is in addition to about 2,000 layoffs announced in July. The bank raised its cost savings target.

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GENEVA — Credit Suisse says it plans to cut over 5,500 jobs this year in an "incremental headcount reduction," as the Swiss bank continues to rein in costs and change course after two years of losses. A bank spokesman declined to.

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CSFBdirect Inc., the online brokerage unit of the investment bank Credit Suisse First Boston, said yesterday that it planned to eliminate 180 jobs, or 14 percent of its work force in the United States, as customer stock trading.

Credit Suisse said Tuesday that it plans to cut up to 6,500 jobs after suffering a loss of 2.4 billion Swiss francs ($2.4 billion) in 2016. The Zurich-based lender said the bulk of the loss resulted from a $2 billion provision it made for a.

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The announcement comes just days after the bank revealed it was cutting 650 jobs in the UK, approximately 10pc of its British workforce. Credit Suisse has already begun consultations with those staff who are likely to be affected by its.