Gruebel Says Credit Suisse Has Too Many Workers, Finanz Reports

Credit Suisse Group AG employs 3,000 to 5,000 too many workers in its investment banking unit considering revenue potential, former UBS AG 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.

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