Latest News for: Suisse jobs

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US economy in flux, but may avoid hard landing

China Daily 31 Jan 2023
On Wall Street, Goldman Sachs, Morgan Stanley, Credit Suisse and Bank of New York Mellon have cut more than 15,000 jobs combined over the past few months, the Financial Times reported ... The US economy added 223,000 jobs in December, the smallest gain in two years.
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Goldman Sachs to Slim Down Alternative Investments that Affect Revenue

Finance Magnates 23 Jan 2023
... target="_blank" rel="follow">the job cuts were announced by Credit Suisse</a>, which intends to slim down its European investment banking division by 10% (about 9,000 people).
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Wall Street reportedly preps for biggest round of layoffs since 2008

New York Post 23 Jan 2023
Goldman Sachs, Morgan Stanley, Credit Suisse and Bank of New York Mellon have already slashed more than 15,000 jobs combined over the past few months, the Financial Times reported ... “So far these layoffs have been normal retrenchment but things could get worse.” David Solomon, CEO of Goldman Sachs, has slashed 3,200 jobs this month.
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Credit Suisse Appoints Aurélien Gleyze as Head of FX Spot for EMEA

Finance Magnates 20 Jan 2023
He would later serve as the Vice President of Electronic FX and Precious Metals Trading over the course of the next six years before becoming a Director in November 2020.</p><p>Credit Suisse Starts Job Cut amidst Poor Finances</p><p>Gleyze’s appointment ...
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Credit Suisse could cut 10% of European investment bankers — FT

The Jordan Times 17 Jan 2023
ZURICH — Credit Suisse could slash more than 10 per cent of its investment banking staff in Europe, The Financial Times (FT) newspaper reported, with the beleaguered Swiss lender declining to comment on Monday ... Credit Suisse launched a vast restructuring plan in October, including shedding 9,000 jobs by 2025 — more than 17 per cent of its workforce.
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Credit Suisse staff brace for huge cuts in bonuses

Business Day 17 Jan 2023
“It was a horrifying year for Credit Suisse,” Lehmann said in an interview with Bloomberg TV at the World Economic Forum in Davos ... Credit Suisse is in the early stages of a costly restructuring that includes cutting 9,000 jobs and carving out large parts of the investment bank under the revived First Boston brand.
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Credit Suisse Starts Job Cuts, Goes after European Investment Bankers

Finance Magnates 16 Jan 2023
The financially troubled entity allegedly made hundreds of job cuts already in December, primarily at its London and Zurich offices.</p><p>Credit Suisse and Alleged Layoffs</p><p class="MsoNormal">According to FT, which cites people with knowledge of the moves, the latest action implements the plan announced in October.
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Credit Suisse could cut 10% of European investment bankers: Report

Live Mint 16 Jan 2023
Credit Suisse could slash more than 10% of its investment banking staff in Europe, the Financial Times newspaper reported, with the beleaguered Swiss lender declining to comment Monday.Switzerland's second-biggest bank 'already let hundreds of staff go in London and Zurich last ...
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Meet Pietro Beccari: The new CEO of Louis Vuitton

The Times of India 13 Jan 2023
Now, Pietro Beccari, who has been the head of Dior since 2018, will replace long-time Louis Vuitton CEO Michael Burke and Bernard has given the job of leading Dior to his loving daughter Delphine Arnault. According to Credit Suisse analyst, Natasha Brilliant."Both are well respected; logical promotions within the group." ... .
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BUSINESS CLOSE: US inflation falls; Tesco and M&S post solid Christmas sales; Persimmon warns on ...

The Daily Mail 12 Jan 2023
Bisio, who joined the group in 2014, will take on the new role with immediate effect but will hold onto his current job ... Goldman Sachs cut 3,200 jobs - giving workers 30 minutes to pack up ... Goldman Sachs has begun slashing jobs while Credit Suisse is ready to halve its bonus pool ahead of what is expected to be a grim earnings season on Wall Street.
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Wall St bankers hit by jobs cull and bonus cuts

This is Money 11 Jan 2023
Goldman Sachs has begun slashing jobs while Credit Suisse is ready to halve its bonus pool ahead of what is expected to be a grim earnings season on Wall Street ... London and beyond braced for news on whether they will keep their jobs.
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Factbox: Global banks cut jobs as cost pressures mount

Reuters 11 Jan 2023
LONDON, Jan 11 (Reuters) - Global banks are in the process of cutting at least 5,000 jobs as profits at lucrative investment banking units come under pressure from volatility in capital markets and fast-rising interest rates, according to a Reuters tally of reported cuts ... Credit Suisse had already said it would lay off some staff.
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Factbox-Global banks cut jobs as cost pressures mount

FX Empire 11 Jan 2023
LONDON (Reuters) – Banks have begun to trim jobs globally, hit by cost pressures as a result of inflation and shrinking revenues in many core business lines amid volatile markets that are making bank bosses nervous about profitability through the year. The following major banks have announced or been reported to be making job cuts. ... Credit suisse.
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Wall St bankers take a battering: Goldman begins slashing jobs as Credit Suisse halves bonus pool

The Daily Mail 11 Jan 2023
Goldman Sachs has begun slashing jobs while Credit Suisse is ready to halve its bonus pool ahead of what is expected to be a grim earnings season on Wall Street. The Goldman cull started yesterday as bankers in New York, London and beyond braced for news on whether they will keep their jobs.
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Credit Suisse reshuffles investment bank after senior departure - memos

Reuters 03 Jan 2023
Deasy's exit, which was first reported by Financial News, is the latest in a string of departures as Credit Suisse embarks on a plan to cut thousands of jobs and shift its focus from investment banking towards more stable wealth management.

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