As Credit Suisse presses ahead with its restructuring, it's said to be cutting between 10% and 15% of headcount in its investment banking and capital markets division in the Asia-Pacific (APAC) region.
Sources say that the cuts are understood to be happening this week as Credit Suisse pulls the trigger on its plan to cut 2,700 jobs representing 5% of the bank’s workforce in the fourth quarter. This is part of a bigger plan to slash overall headcount by 9,000 by the end of 2025.