Credit Suisse lays off most Japan investment banking staff

Credit Suisse lays off most Japan investment banking staff

FILE PHOTO: The logo of Swiss bank Credit Suisse is seen in front of a branch office in Bern, Switzerland November 29, 2022. REUTERS/Arnd Wiegmann

Credit Suisse Group has cut most of the 20-plus jobs at its investment banking division in Japan, three people familiar with the matter said, as the embattled Swiss bank revamps its business globally.

The move is part of a major overhaul at the loss-making bank after a string of heavy losses and scandals threatened its survival.

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