Credit Suisse Crisis
Credit Suisse’s 9,000 Job Cuts Are Foretaste of UBS Takeover
- Final toll may be multiple of that number: person familiar
- Credit Suisse tells staff bonuses, wage increases will be paid
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
Even before Credit Suisse Group AG’s government-brokered takeover, the Swiss lender was in the process of cutting 9,000 jobs in an effort to save itself.