Japan Nov. Unemployment Rate At 3.5%, Matching Estimate

Gruebel Says Credit Suisse Has Too Many Workers, Finanz Reports

Credit Suisse Group AG (CSGN) employs 3,000 to 5,000 too many workers in its investment banking unit considering revenue potential, former UBS AG (UBSN) Chief Executive Officer Oswald Gruebel told Finanz & Wirtschaft in an interview.

Gruebel also said future management of major Swiss banks will be about shrinking balance sheets rather than creating growth, the newspaper said.

To contact the reporter on this story: Corinne Gretler in Zurich at +41-44-224-4100 or

To contact the editor responsible for this story: Andrew Rummer at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.