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Credit Suisse Given Rare Court Fine Over U.K. Job Cut ‘Failures’

  • Failures of protocol were so extensive and so obvious: judge
  • Credit Suisse declined to comment on London court penalty
Credit Suisse in the Canary Wharf business district of London.

Credit Suisse in the Canary Wharf business district of London.

Photographer: Dan Kitwood/Getty Images

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Credit Suisse Group AG was hit with a rare fine from a London employment court, which said the bank failed to properly inform staff about how it planned to proceed with a round of dismissals in the summer of last year.