Credit Suisse steps up cost and job cuts in investment banking

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Credit Suisse steps up cost and job cuts in investment banking

Credit Suisse steps up cost and job cuts in investment banking
ZURICH (Reuters) - Credit Suisse Group on Wednesday an**unced 800 million Swiss francs ($821 million) in additional cost cuts and plans to shrink its investment bank further as part of a restructuring plan aimed at revitalizing its earnings.Like its global peers, Credit Suisse is grappling with record low interest rates, low commodity prices and slower growth in emerging markets such as China.

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