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.
$瑞士信貸(CS.US)$ 彭博社援引知情人士的話報道，在警告第二季度虧損後，該公司正在尋求新一輪裁員以管理成本。
知情人士表示，該行正在考慮跨部門和跨地區裁員。他們説，最終的數字仍有待確定。
此次解僱是在該行向投資者通報風險、合規、技術和財富管理的最新情況之前做出的。6月28日.
瑞信警告稱，預計第二季度整個集團及其投行業務將出現虧損。在入侵烏克蘭和世界各國央行收緊貨幣政策後，市場狀況仍然具有挑戰性，導致客户流動疲軟，客户去槓桿化正在進行。
瑞信表示：“鑑於經濟和市場環境，我們正在加快整個集團的成本舉措，以從2023年起最大限度地節省成本。”但瑞信沒有提供更多細節。
價格行動：在週三的盤前交易中，希爾思的股價下跌了6.77%，至6.94美元。
