Tag Archives: Credit Suisse job cuts

Investec Switzerland. Credit Suisse Group AG Chief Executive Officer Tidjane Thiam dropped a bombshell on investors: Caught off guard by a buildup of illiquid trading positions, the CEO said the bank will probably post a second straight quarterly loss as it unwinds the trades and deepens cuts at that business. © Hai Huy Ton That | Dreamstime.com Thiam, less than two months after the bank disclosed losses on the positions that led to the biggest trading revenue drop among...

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