Credit Suisse is planning a major overhaul aimed at restoring the bank’s credibility Swiss banking giant Credit Suisse on Thursday announced plans to slash 9,000 jobs and sell off its deal-making unit. The announcement follows a series of scandals and billions in losses. According to the bank, it is cutting 2,700 jobs in the final quarter of 2022 and will reduce employee numbers by 9,000 by the end of 2025. This is around 17% of the company’s workforce of 52,000. The bank will raise around $4 billion in fresh capital to fund the overhaul. Credit Suisse will also revive its First Boston name — the US-based investme
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