Credit Suisse warns on Q2 loss, mulls workforce reduction to save costs
Credit Suisse warns on Q2 loss, mulls workforce reduction to save costs
Credit Suisse warned it expects a loss at the group-wide level and its investment bank in the second quarter. Market conditions have remained challenging after the invasion of Ukraine and monetary tightening by central banks across the world, leading to weak customer flows and ongoing client deleveraging.$Credit Suisse(CS.US)$ is looking for another round of job cuts to manage costs after warning of a second-quarter loss, Bloomberg reported citing people familiar with the matter.
The people said that the bank is mulling headcount reductions across divisions and regions. Final numbers are still to be decided, they said.
The dismissals come ahead of the bank's update to investors on risk, compliance, technology, and wealth management on June 28.
Credit Suisse warned it expects a loss at the group-wide level and its investment bank in the second quarter. Market conditions have remained challenging after the invasion of Ukraine and monetary tightening by central banks across the world, leading to weak customer flows and ongoing client deleveraging.
"Given the economic and market environment, we are accelerating our cost initiatives across the Group to maximize savings from 2023 onwards," Credit Suisse said, without providing more details.
Price Action: CS shares are down 6.77% at $6.94 during the premarket session on the last check Wednesday.
$瑞士信贷(CS.US)$ 彭博社援引知情人士的话报道，在警告第二季度亏损后，该公司正在寻求新一轮裁员以管理成本。
知情人士表示，该行正在考虑跨部门和跨地区裁员。他们说，最终的数字仍有待确定。
此次解雇是在该行向投资者通报风险、合规、技术和财富管理的最新情况之前做出的。6月28日.
瑞信警告称，预计第二季度整个集团及其投行业务将出现亏损。在入侵乌克兰和世界各国央行收紧货币政策后，市场状况仍然具有挑战性，导致客户流动疲软，客户去杠杆化正在进行。
瑞信表示：“鉴于经济和市场环境，我们正在加快整个集团的成本举措，以从2023年起最大限度地节省成本。”但瑞信没有提供更多细节。
价格行动：在周三的盘前交易中，希尔思的股价下跌了6.77%，至6.94美元。
