, or 15 per cent.The cuts are one element of a complex strategy to try to restore the lossmaking group to profitability and put an end to years of scandals. It includes raising about CHF4 billion (£3.5 billion) from investors, including Saudi National Bank,){kind=link}
London faces a wave of job losses after the new boss of Credit Suisse set out plans to cut 9,000 roles across the bank as part of a drastic restructuring of the troubled group.
Ulrich Körner said that “nobody takes it lightly” yesterday as the bank revealed it would lower its headcount of full-time employees around the world from 52,000 to about 43,000 by the end of 2025 to help reduce its cost base by around CHF2.5 billion (£2.2 billion), or 15 per cent.
The cuts are one element of a complex strategy to try to restore the lossmaking group to profitability and put an end to years of scandals. It includes raising about CHF4 billion (£3.5 billion) from investors, including Saudi National Bank,
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