Credit Suisse to cut 6,500 jobs after reporting $2.3 bn loss
Banking major Credit Suisse has pledged to cut up to 6,500 jobs this year after it posted a quarterly loss of $2.34 billion (₹15,600 crore). The loss came amid Credit Suisse settling an investigation into its role in 2008 financial crisis. The bank did not specify where the cuts would come but said this would include contractors, consultants, and staff.