Bankers, traders, support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt, with almost all activities at risk, the report said.
Bankers, traders, support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt, with almost all activities at risk, the report said.
UBS intends to eventually reduce the total combined headcount by about 30%, or 35,000 people, with headcount at Credit Suisse currently at about 45,000, the report said, citing people familiar with the matter.UBS and Credit Suisse declined to comment.at Credit Suisse next month, with significant reduction in investment bankers covering Australia and China.following the takeover of Credit Suisse, but did not give details about the number of potential layoffs.
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