Credit Suisse Said to Cut About 85 Jobs in Investment Banking

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Credit Suisse Group AG, the second-largest Swiss lender, cut about 85 jobs in its investment banking unit today, two people with knowledge of the talks said.

The reductions, in London and elsewhere, are part of the 2,000 the Zurich-based lender announced in July, said a third person, who declined to be identified because the details are private. A spokeswoman for the bank declined to comment today.