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Credit Suisse shrinks investment bank, cuts jobs

2011-11-01 20 Dailymotion

Credit Suisse plans to cut another 1,500 jobs and scale back its loss-making investment banking business as it announced disappointing third-quarter results. Chief Executive Brady Dougan admitted the quarter had missed the bank's expectations. He said the job cuts would hit all regions and divisions. ... http://www.euronews.net/