Credit Suisse joins cuts in Asia cash equities

CEO Tidjane Thiam says the region’s top broker is cutting jobs at a time when investors are slashing commissions ahead of MiFID II and e-trading is on the rise.

Credit Suisse had seemed immune to the gloom pervading banking circles across Asia in recent years. Its focus on the region’s burgeoning number of entrepreneurs even created a rare source of growth within the Swiss lender.

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