Credit Suisse cuts about 8 jobs in SEA, part of Asia job cuts -sources

Credit Suisse cuts about 8 jobs in SEA, part of Asia job cuts -sources

SINGAPORE : Credit Suisse has cut about eight jobs in its Southeast Asia investment banking and capital markets team, two sources familiar with the matter said, just weeks after the Swiss bank announced global job losses as part of a restructuring plan.

Credit Suisse said in a statement on Friday that the bank’s global headcount reduction of 2,700 full-time-equivalent employees, or 5 per cent of the group’s workforce, is already underway this quarter.

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