Wealth and Asset Management
Credit Suisse to Shed Senior Staff to Cut Costs, Mathers Says
Credit Suisse Group AG (CSGN) will target some senior staff in its latest round of job cuts as remuneration rules give Switzerland’s second-biggest bank less flexibility to reduce bonuses. “We’re actually shedding some of the higher-cost staff,” said Chief Financial Officer David Mathers, adding that requests from regulators to increase…
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Click here to read the full story: Bloomberg