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06.10 - 10:17
Credit Suisse draws up plans to split investment bank in three
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fnlondon.comCredit Suisse could split its struggling investment bank into three parts, a move that would involve thousands of job cuts as the Swiss bank reshapes its business.
The Swiss bank has drawn up plans to split its beleaguered investment banking unit, including creating a so-called 'bad bank' to hive off unwanted assets, the Financial Times reported citing people familiar with the matter.
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