Credit Suisse said on Thursday that it planned to cut about 2,000 jobs after a “disappointing” second quarter that saw a big drop in earnings in investment banking. Net income fell to 768 million Swiss francs ($958 million) in the three months ended June 30, from 1.6 billion francs in the period a year earlier, the bank said in a statement. The earnings missed analysts’ consensus forecast of 1 billion francs, according to Reuters.
Credit Suisse to cut 2,000 jobs after earnings fall
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