Credit Suisse said to be cutting around 5,000 jobs in cost drive

Credit Suisse said to be cutting around 5,000 jobs in cost drive

The logo of Swiss bank Credit Suisse is seen at an office building in Zurich's Oerlikon suburb, Switzerland July 27, 2017. REUTERS/Arnd Wiegmann

Credit Suisse is considering cutting around 5,000 jobs, about one position in ten, as part of a cost reduction drive at Switzerland’s second-biggest bank, a source with direct knowledge of the matter told Reuters.

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