Credit Suisse Hong Kong to start cutting investing banking jobs this week

Credit Suisse Hong Kong to start cutting investing banking jobs this week

FILE PHOTO: A pedestrian walks past a logo of Credit Suisse outside its office building in Hong Kong, China March 21, 2023. REUTERS/Lam Yik/

Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the matter said, as part of the bank’s integration with UBS Group.