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Credit Suisse plans to vacate Canary Wharf office

Move is linked to the Swiss bank's ongoing cost-cutting measures under chief executive Tidjane Thiam

Staff on a cigarette break outside Credit Suisse's offices on Cabot Square
Staff on a cigarette break outside Credit Suisse's offices on Cabot Square Photo: Getty Images

Credit Suisse plans to vacate one of the three offices it occupies in Canary Wharf as part of ongoing cost-cutting measures at the Swiss group, according to a person familiar with the matter.

The bank occupies One Cabot Square, 20 Columbus Courtyard and 17 Columbus Courtyard, but now plans to vacate the latter office and move staff there into the other buildings. The news was first reported by Bloomberg.

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