14-02-2017 11:07 via news.yahoo.com

Credit Suisse to cut up to 6,500 jobs in 2017

By Joshua Franklin ZURICH (Reuters) - Credit Suisse is to cut up to 6,500 jobs this year after reporting a 2.44 billion Swiss franc (2 billion pound) net loss for 2016, and said it was examining alternatives to a planned stock market listing of its Swiss business. Chief Executive Tidjane Thiam, who took over at Switzerland's second biggest bank just over 18 months ago, is shifting the group more towards wealth management and putting less emphasis on investment banking. "We're setting a target no
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