Credit Suisse CEO eyes London jobs cull to rein in costs

October 21, 2015 6:36 AM

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LONDON Oct 21 Credit Suisse Chief Executive Tidjane Thiam hinted at a wave of likely job cuts at the Swiss bank's London-based operations, after unveiling disappointing third-quarter profits and a raft of new measures to slash spiralling costs.

"We have 6,600 jobs (in London), 2,400 front office, 4,200 back office. Out of the 4,200 about 2,400 are directly connected to the front office so they need to be co-located with the front office," Thiam told a press conference on Wednesday.

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