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Credit Suisse draws up plans to split investment bank in three

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fnlondon.com

Credit Suisse could split its struggling investment bank into three parts, a move that would involve thousands of job cuts as the Swiss bank reshapes its business.The Swiss bank has drawn up plans to split its beleaguered investment banking unit, including creating a so-called 'bad bank' to hive off unwanted assets, the Financial Times reported citing people familiar with the matter.Credit...

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