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Credit Suisse lays off one-third of China-based IB team, Reuters reports

Trading Now: Credit Suisse lays off one-third of China-based IB team, Reuters reports

Credit Suisse has laid off about one-third of its China-based investment banking team and nearly half of its research department, Reuters’ Summer Zhen and Selena Li report. According to sources with knowledge of the matter, the layoffs are part of a global restructuring and come as its China business slows. Reference Link

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