Credit Suisse denies Bloomberg report of hundreds of job cuts

FILE PHOTO: A logo of Credit Suisse is pictured on a building in Geneva, Switzerland, November 8, 2017. REUTERS/Denis Balibouse/File Photo - Copyright Denis Balibouse(Reuters)

By Reuters

Published on 15/11/2018 - 14:34•Updated 24/04/2024 - 00:56

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ZURICH (Reuters) - Credit Suisse <CSGN.S> said on Thursday that a Bloomberg report that Switzerland's second-biggest bank was considering slashing its workforce by hundreds of jobs was not accurate.

"The notion that we are weighing hundreds of active job cuts is unfounded," a bank spokesman said in an email. "In 2019 and beyond we will continue to invest in talent as we aim to further grow revenues in our Wealth Management and Investment Banking businesses."