Internal restructuring
United Kingdom
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

150 jobs
Number of planned job losses
Job loss
Announcement Date
25 January 2008
Employment effect (start)
Foreseen end date


Credit Suisse Group is set to cut 150 jobs from its investment banking arm in the UK. These losses form part of the 500 job cuts that the company is making internationally. The move comes after the global lending crisis slowed demand for some of the services on offer. The investment banking division saw returns falling from US$653m to $5.1m last year largely as a result of the 'subprime' mortgage crisis in the United States.


  • 25 January 2008: BBC Website


Eurofound (2008), Credit Suisse, Internal restructuring in United Kingdom, factsheet number 66233, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66233.