Credit Suisse loses Sfr.3bn, to cut 5300 jobs...

Troubled Swiss banking giant Credit Suisse has said it is shedding another 5,300 jobs from its global workforce. 

Most of the jobs being lost are in investment banking. The firm has already shed 1,800 posts this year. 

The bank has struggled since the onset of the financial crisis and has been forced to write off assets worth billions owing to bad loans. 

It said it had a net loss of about 3bn Swiss francs ($2.5bn; £1.7bn) in the two months to the end of November. More...

See also:

1. Switzerland: UBS executives forgo bonuses...
2. Swiss bank UBS scraps contentious bonus system...
3. What happened to the bailout money?