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Credit Suisse CEO says will need fewer employees after coronavirus crisis


The bank could streamline "many processes," Gottstein said, adding that this is one of his priorities

Europe’s banks are navigating negative interest rates, an oversupply of banking services and uncertainty over client defaults as they chart a return to normality

Credit Suisse Group AG will come out of the coronavirus crisis needing fewer employees in the medium term as it faces the prospect of lower growth and looming credit defaults.

Online banking is becoming more important and will lead to a decrease in the importance and number of branches, Chief Executive Officer Thomas Gottstein said in an interview with ...


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