Credit Suisse cuts 500 bankers - LocalApple

PaullyInNYC · 04-22-2008, 10:24 PM

By Kira Bindrim

"Credit Suisse Group on Tuesday became the latest investment bank to shed staffers, saying it will cut 500 jobs in its investment banking and administrative support divisions to cope with lagging demand its services.

Zurich-based Credit Suisse, whose U.S. operations are located in Manhattan, declined to break the layoffs out by region, though a spokesperson confirmed that most will be in its New York office. "

This economy is getting tougher and tougher!

04-22-2008, 10:24 PM	#1
PaullyInNYC Administrator Join Date: Mar 2006 Location: NYC Posts: 1,714	Credit Suisse cuts 500 bankers By Kira Bindrim "Credit Suisse Group on Tuesday became the latest investment bank to shed staffers, saying it will cut 500 jobs in its investment banking and administrative support divisions to cope with lagging demand its services. Zurich-based Credit Suisse, whose U.S. operations are located in Manhattan, declined to break the layoffs out by region, though a spokesperson confirmed that most will be in its New York office. " This economy is getting tougher and tougher!

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