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Credit Suisse cuts 35 London dealmakers in latest layoffs

Axe falls on UK staff as the Swiss lender gears up for another rough set of results

Senior and junior staff across products and sectors were hit just before bonus announcements
Senior and junior staff across products and sectors were hit just before bonus announcements Photo: Vuk Valcic/Getty Images

Credit Suisse cut 35 bankers in the UK the day before bonus payments were announced, as the Swiss bank continues to pare back staff in an ongoing strategic overhaul.

The Swiss bank cut 35 jobs within its London-based investment banking and capital markets unit on 6 February, according to people familiar with the matter, axing both senior and junior staff across products and sectors.

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