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Credit Suisse to Cut 69 N.Y. Staff Amid Prime-Services Exit

  • Firm is winding down the unit after losses tied to Archegos
  • Reductions will take effect in early March, state filing shows
Updated on

Credit Suisse Group AG said it will permanently cut 69 employees from its workforce in New York City as it winds down a prime-services division there.

The job cuts will take place on March 6, the Swiss bank said in a filing to the New York State Department of Labor. The prime-services unit is set to close by Aug. 1, the filing shows.