Brady Dougan, chief executive of Credit Suisse First Boston has warned that between 200 and 300 jobs will be axed over the next few months as part of the restructuring of the troubled investment bank announced today by its parent Credit Suisse.

The job losses are part of a wholesale restructuring which will see the banking units at Credit Suisse integrated over the next two years into three divisions: Private Client Services, Corporate & Investment Banking and asset management.