Credit Suisse cuts UK jobs while growing India presence

13th August 2010, Comments 0 comments

Credit Suisse receives a licence from the Indian authorities to open its first bank branch in Mumbai while slashing jobs in the UK, suggesting that strategic priorities lie in fast-growing Asia, rather than in slow-growth European economies. To underscore the shift in focus the Swiss bank also announces the creation of a billion-dollar-plus emerging markets fund with a small group of shareholders.

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