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Report: Credit Suisse to cut 130 London-based roles

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Report: Credit Suisse to cut 130 London-based roles

Credit SuisseGroup AG intends to eliminate about 130 jobs in its London-basedglobal markets business, "a person familiar with the matter" told International Financing Review.

About 50 of the cuts will come from global equities, withthe remainder falling on the fixed-income, currencies and commodities business.Credit Suisse began advising staff in the week of May 2 if their jobs arethreatened by the cuts, which are part of the wider plans in October 2015.