Credit Suisse to axe 2,000 more investment banking jobs

Credit Suisse to axe 2,000 more investment banking jobs

The Credit Suisse logo is seen at the headquarters in downtown Milan, Italy, March 9, 2016. REUTERS/Stefano Rellandini

A slump in investment banking revenues pushed Credit Suisse to accelerate its cost-cutting plan as Chief Executive Tidjane Thiam admitted he had been unaware of trading positions that triggered more big writedowns in the first quarter.

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