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Credit Suisse’s debt drama worsens banker exodus: ‘Turnover is awful’
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When Jens Welter’s departure from Credit Suisse was announced to staff on 27 September, there was a sense of shock among colleagues in London.
Credit Suisse employees have grown used to departures over the past 18 months since the bank first unveiled its exposure to family office Archegos Capital which cost it $5.5bn in March last year. Over 70 senior dealmakers have departed over that time.
But...
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