Credit Suisse could cut up to 500 jobs at its private bank as part of a cost-saving drive, a Swiss newspaper reported on Sunday. 
The Schweiz am Sonntag said Hans-Ulrich Meister, co-head of Credit Suisse’s private bank, is working on a plan to cut up to 500 positions worldwide, of which around half could be lost in Switzerland.
Citing unsourced “information”, the paper said the bank’s Swiss units must specify this week how they will contribute to the cost-savings programme and which positions in the private banking business should be axed.
Chosen excerpts by Job Market Monitor. Read the whole story at Business Newswires : euronews : the latest international news as video on demand.
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