Credit Suisse Plans Up to 2 Billion Francs Cost Cuts, SaS Says

  • `Well advanced' money-saving plan may include job reductions
  • Measures to allow group to expand investment in Asia

Credit Suisse Group AG has “well advanced” plans to cut costs by 7 percent to 10 percent, which would translate into an annual reduction of as much as 2 billion Swiss francs ($2.1 billion) for the group, Schweiz am Sonntag reported, citing several managers of sub-units in the bank.

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