Credit Suisse cuts 1,500 jobs, shrinks investment bank

ZURICH (Reuters) - Credit Suisse will cut another 1,500 jobs and scale back its capital-guzzling investment banking business as it seeks to meet tough new regulations ahead of other banks after the unit reported disappointing third-quarter results.<img width='1' height='1' src='http://mf.feeds.reuters.com/c/871/f/415342/s/19b7a28a/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td valign='middle'><a href="http://res.feedsportal.com/viral/sendemail2.html?title=Credit+Suisse+cuts+1%2C500+jobs%2C+shrinks+investment+bank&link=http%3A%2F%2Fuk.reuters.com%2Farticle%2F2011%2F11%2F01%2Fuk-creditsuisse-idUKTRE7A00Q420111101%3FfeedType%3DRSS%26feedName%3DtopNews" target="_blank"><img src="http://res3.feedsportal.com/images/emailthis2.gif" border="0" /></a></td><td valign='middle'><a href="http://res.feedsportal.com/viral/bookmark.cfm?title=Credit+Suisse+cuts+1%2C500+jobs%2C+shrinks+investment+bank&link=http%3A%2F%2Fuk.reuters.com%2Farticle%2F2011%2F11%2F01%2Fuk-creditsuisse-idUKTRE7A00Q420111101%3FfeedType%3DRSS%26feedName%3DtopNews" target="_blank"><img src="http://res3.feedsportal.com/images/bookmark.gif" border="0" /></a></td></tr></table></div><br/><br/><a href="http://da.feedsportal.com/r/117603026437/u/0/f/415342/c/871/s/19b7a28a/kg/253-264/a2.htm"><img src="http://da.feedsportal.com/r/117603026437/u/0/f/415342/c/871/s/19b7a28a/kg/253-264/a2.img" border="0"/></a> [More]

Tags: