Tuesday December 2, 07:35 AM
UPDATE 1-Credit Suisse to cut 650 investment banking jobs
ZURICH, Dec 2 (Reuters) - Credit Suisse AG is cutting 650 jobs, mainly in investment banking, it said on Tuesday.
A spokesman for the Swiss-based bank said an announcement on the cuts had been made to its staff on Monday but declined to give any further details.
The cuts are the latest in a wave of job losses in the financial sector in which around 90,000 jobs have been axed since September.
The Financial Times reported on Tuesday that HSBC (LSE: HSBA.L - news) plans to cut its UK workforce by about 500 at its headquarters in Canary Wharf in London and at other locations following a review of its business.
(Reporting by Andrew Thompson and Katie Reid; Editing by David Holmes) Keywords: CREDITSUISSE/
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