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Credit Suisse plans to cut 450 frontline jobs at its European investment bank
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Credit Suisse's European operations are set to bear the brunt of front-office job cuts as the Swiss bank prepares to cut around 900 jobs from its investment bank as part of a broader overhaul.
The Swiss bank will cut up to 50% of the approximately 900 client-facing jobs — or 450 people — from its investment banking and markets businesses in Europe, the Middle East and Africa, according to people familiar with the matter, as some underperforming divisions in the region are set to shrink.
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