Ranking down: The headquarters of Swiss bank Credit Suisse at the Paradeplatz Square in Zurich. Credit Suisse lost its position as the second-biggest bank in Asia-Pacific equities by revenue to Morgan Stanley last year. — Reuters
HONG KONG: Credit Suisse Group AG is cutting as many as 35 positions at its equities business in Asia after the unit’s revenue slumped, a person with knowledge of the matter said.
The firm is mainly culling trading, sales, prime brokerage and research positions in the region, according to the person, who asked not to be identified discussing private information.
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