Credit Suisse Said to Weigh Job Cuts -Bloomberg
November 15 2018 - 11:54AM
Dow Jones News
--Credit Suisse Group AG (CS) is said to be considering cutting
hundreds of jobs, Bloomberg reports Thursday, although later media
reports said the Swiss bank denied it was so.
--Bloomberg, citing "people with knowledge of the matter," said
the cuts could start this year, and may affect the bank's
International Wealth Business and Swiss Universal Bank, among
others.
--Responding to the report, the bank said "The notion that we
are weighing hundreds of active job cuts is unfounded," Bloomberg
said.
Full story:
https://www.bloomberg.com/news/articles/2018-11-15/credit-suisse-said-to-weigh-hundreds-of-job-cuts-to-reduce-costs
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 15, 2018 12:39 ET (17:39 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Credit Suisse (NYSE:CS)
Historical Stock Chart
From Apr 2024 to May 2024
Credit Suisse (NYSE:CS)
Historical Stock Chart
From May 2023 to May 2024