Credit Suisse on track for 2016 job cuts: CEO

September 27, 2016 4:45 AM EDT

The company's logo is seen at the headquarters of Swiss bank Credit Suisse at the Paradeplatz square in Zurich March 10, 2015. REUTERS/Arnd Wiegmann


Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.

ZURICH (Reuters) - Credit Suisse Group is on track to deliver its 2016 cost savings target, Chief Executive Tidjane Thiam said in slides prepared for an investment conference on Tuesday.

The Swiss bank had eliminated 4,800 jobs as of Sept. 27, with 1,200 still to go over the rest of this year, the presentation showed.

(Reporting by Joshua Franklin, Editing by Michael Shields)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Related Entities

Credit Suisse, Layoffs

Add Your Comment