Credit Suisse to axe 5,300 jobs
China Daily | Updated: 2008-12-05 07:52
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People pass a Credit Suisse office in Bern, Switzerland. Bloomberg News |
Credit Suisse Group AG, Switzerland's second-largest bank, will eliminate 5,300 jobs and scrap bonuses for its top executives after about 3 billion francs ($2.5 billion) of losses in the past two months.
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