Credit Suisse Group AG is reducing its workforce by 5% in the fourth quarter and plans to trim its headcount even more by 2025, the company said Thursday.

Credit Suisse looks to cut jobs after scandals that include failed investments, COVID-19 rules violation by chairmen, and potential dodging of sanctions on Russia.

The coming job cuts at Credit Suisse may even be uglier than you thought as UBS works to integrate its Swiss banking rival.

Credit Suisse, one of the Triangle’s largest private employers, was acquired in an emergency takeover last year by fellow Swiss Bank, UBS.

Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported on Thursday, citing people familiar with the matter.

Credit Suisse has cut eight jobs in its Southeast Asia investment banking and capital markets team, two sources familiar with the matter said, just weeks after the Swiss bank announced a major ...

Recruiters across the world are getting an unprecedented flood of calls from Credit Suisse Group AG bankers seeking new jobs as the embattled Swiss lender is set to be taken over by UBS Group AG ...

UBS expects to shed around 3,000 jobs in Switzerland to help it cut $10 billion in costs as it undertakes a sweeping overhaul following its emergency rescue of Credit Suisse earlier this year.

The effort means it will slash 9,000 full-time jobs by the end of 2025, with 2,700 cuts to come shortly. “This is a historic moment for Credit Suisse,” CEO Ulrich Körner said in a statement.

UBS Group’s emergency bailout of struggling lender Credit Suisse could reportedly result in “tens of thousands” of layoffs.

It was too big to fail.” Onetime Credit Suisse-banker Iqbal Khan was spied on as part of an effort by Credit Suisse leadership to undermine his career. Bloomberg via Getty Images ...

Credit Suisse announced in November that it would cut 9,000 jobs by 2025, including 2,700 by the end of December 2022. So we attributed those 2,700 layoffs to Credit Suisse and 36,000 to both ...