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Credit Suisse's new boss could axe 2,900 jobs: analysts

Thursday, March 12, 2015 - 05:50

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Mr Thiam could cut 150b Swiss francs of assets from the bank's fixed income, commodities and currencies business.

London

CREDIT Suisse's new boss Tidjane Thiam could cut almost 3,000 jobs from its investment bank, or 15 per cent of staff, as part of a shift of capital away from trading desks to private banking in Asia, analysts said.

Mr Thiam could cut 150 billion Swiss francs (S$206.5 billion

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