Credit Suisse to cut more jobs

Tim Wallace
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INVESTMENT bank Credit Suisse yesterday revealed plans to cut more jobs, following a round of reductions in weak areas like fixed income trading.

It came as the bank announced profits of SFr1bn (£654m) for the third quarter. That is up 126 per cent on the same quarter of last year.

The bank’s shares fell 1.92 per cent on the day.