ZURICH: Credit Suisse unveiled radical measures Thursday (Friday in Manila) aimed at turning around the beleaguered bank following huge third-quarter losses, including revamping its investment banking, slashing 9,000 jobs and a capital injection from the Saudi National Bank.
Switzerland's second-biggest bank launched a new strategy intended to repair the damage following a series of scandals, saying it wanted to create "a simpler, more focused and more stable bank."
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