FT - C Suisse staff said to face 'grim' news' this week

Grim Reaper

A good time to throw a sickie ?

The Financial Times reports that London workers at Credit Suisse are set to become the latest casualties of the rout that has left analysts poised for another round of poor results from top investment banks in the US and Europe.

The Swiss bank will this week tell up to 1,800 London staff their jobs are at risk, following through on a cost-cutting commitment made in October, bank insiders said.

The pressures forcing Credit Suisse into action were evident in last week’s fourth-quarter results from JPMorgan Chase and Citigroup, where revenues from the core fixed income, currencies and commodities (FICC) businesses were a weak spot among broadly positive numbers.

Hit the link below to access the complete Financial Times article:

London staff at Credit Suisse face grim news

Fund managers fight banker bonus cap extension

 

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts