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Credit Suisse bolsters compliance, plans cost cuts from technology for turnaround
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Credit Suisse has hired 22 senior compliance professionals this year and bolstered headcount in the division as it looks to draw a line under successive crises that have rocked the bank over the past 12 months.
The Swiss bank now has 450 compliance staff in 'first line of defence' roles, it said in presentations accompanying an investor 'deep dive' on 28 June. The bank is investing in its wealth management unit and will be using a new centralised technology structure to cut costs, it added.
The...
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