Mizuhara and Zapata suffer Swiss finish as CS cuts back in rates
Credit Suisse bowed to the inevitable on Wednesday and cut jobs within its SSA syndicate and DCM team, including syndicate veteran, Ed Mizuhara's, having announced in its third quarter results that the cost of running its rates business had become unsustainable because of leverage rules. However, only two jobs have been lost within the bank’s SSA business.
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