Credit Suisse May Have to Cut 5,000 Jobs, Der Sonntag Reports

Credit Suisse Group AG (CSGN), Switzerland’s second-biggest lender, may have to cut about 5,000 jobs, Der Sonntag reported, citing an unidentified high-ranking executive, who said its investment bank is “simply oversized.”

To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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