1. Credit Suisse is Cutting 5,500 Jobs in 2017 After Losing $2.4bn

    Credit Suisse is Cutting 5,500 Jobs in 2017 After Losing $2.4bn

    Credit Suisse posted a £2.44bn Swiss franc (£1.9bn) net loss for 2016, its second straight year in the red, keeping pressure on chief executive Tidjane Thiam to deliver on his turnaround plan for Switzerland's second-biggest bank. The average estimate in a Reuters poll of seven analysts was for a net loss of 2.013bn francs in the quarter...

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