Credit Suisse plans to lay off 10% of its employees in the European investment unit

Credit Suisse plans to cut questmore than 10% of staff at its European investment unit this year, according to the Financial Times.

The bank had revealed sweeping plans to lay off 9,000 employees from all its branches globally by 2025.

Several international banks have announced job cuts, including Goldman Sachs, Morgan Stanley, Barclays and Credit Suisse Group in London and Zurich.

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