Layoffs Watch '12: Credit Suisse
Cuts are expected to go down at the House Of BD.
Credit Suisse is eliminating 100 jobs at its investment banking operation in Britain as part of a cost-cutting program, according to a person with direct knowledge of the plan. The job cuts affect Credit Suisse’s equities and fixed-income divisions, said the person, who declined to be identified because the plan was not public. The step is part of the bank’s continuing $4.3 billion cost-reduction program.
[Dealbook]