News Headline Summary

Credit Suisse (CSGN VX) said to cut 100 jobs at UK investment bank

Reaction details (12:53)

- Co. shares unreactive, down 0.28% at CHF 21.46.

Analysis details (12:53)

- Earlier in November, Credit Suisse said that it is now targeting CHF 4bln in cost savings by 2015, up from a goal of CHF 3bln it set in July. The bank, which is already cutting 3,500 staff or 7% of its workforce said job losses would be inevitable to achieve the extra savings.

26 Nov 2012 - 12:49 - Equities - Source: Newswires

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