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Credit Suisse prepares third wave of job cuts, targeting 10% of support roles

The Swiss bank has told staff to expect roles in compliance, risk and marketing to go

Credit Suisse cut 200 investment bankers in July, and is now eyeing wider redundancies
Credit Suisse cut 200 investment bankers in July, and is now eyeing wider redundancies Photo: AFP/Getty Images

Credit Suisse is set to roll out its third wave of job cuts in November, with support functions in the firing line as it continues to pare back staff numbers after UBS's takeover.

The Swiss bank has told employees that job cuts will start on 6 November, according to people familiar with the matter. Around 10% of roles within support functions are expected to be targeted.

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