C Suisse said to begin fixed income job cuts Thursday

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Credit Suisse began trimming its fixed-income business in London, according to people familiar with the matter.

Bloomberg reports that there have been cuts in high-yield bond trading, hedge fund sales and credit strategy, according to two people, who asked not to be identified because the details are private.

The bank is laying off about 200 traders in London as CEO Tidjane Thiam seeks to cut thousands of jobs worldwide and restructure its trading and advisory services, a person with knowledge of the matter said on Wednesday. Most of the jobs are being eliminated in the bank’s fixed-income unit, the person said.

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Credit Suisse to Start Cutting Fixed-Income Jobs in London

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