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It is now clear where CS is cutting 5,000 jobs

Investment bank disintegration

It is now clear where Credit Suisse will cut 5,000 jobs

Credit Suisse must save. Thousands of jobs will be cut as a result. Much of it is in the United States, where CS is giving up investment banking. She wants to focus on rich Chinese in the future.


Credit Suisse has been a major construction site for months now.

Credit Suisse’s board is negotiating a comprehensive dissolution of the investment bank. According to preliminary scenarios, more than 5,000 jobs are at risk, mainly in the USA. The reason: The bank wants to save and focus on less risky private banking. This was reported by “SonntagsZeitung”.

Associated with such a withdrawal from the United States write-offs of billions and the eventual abandonment of playing an important role on Wall Street in New York. There is still resistance in the board of directors. But there is not much left for the second largest Swiss bank if it finally wants to break out of its loss zone.