The other Swiss bank is mulling over the idea.
Apparently CS is considering cutting 1,500-2,000, which they may announce Thursday. Topping Employee Elimination league tables is UBS, which is thinking about axing 5000.
The Swiss bank is not done with its firings. Credit Suisse, the second- biggest Swiss bank, told New York state regulators it will eliminate 126 jobs in Manhattan over the coming months. The dismissals affect offices at 1 Madison Ave. and 11 Madison Ave. and will extend through Aug. 6, the bank wrote in a Department of Labor filing. The firm decided last year to scale down its investment bank and said it would cut 3,500 jobs. [Bloomberg]