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Credit Suisse CEO Gottstein says he has ‘firepower’ to cut costs amid profit warning
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Credit Suisse chief executive Thomas Gottstein said the bank has "firepower" to cut costs in front line staff, and will scale back on some planned investments after it flagged another potential loss in the second quarter of 2022.
The Swiss bank said that it would be accelerating some planned cost-reductions in an 8 June trading update, when it said that poor performance in its investment bank was likely to lead to a quarterly loss.
"There...
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