Credit Suisse Pares Buy-Side Support Jobs

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Credit Suisse is eliminating 100 administrative jobs from its asset management unit, shrinking the division's global headcount by about 3 percent, according to various media reports.

Citing a company spokesperson, theTRADEnews.com said the cutbacks were "targeted staff reductions from non-investment related roles."

The move came a month after the bank reportedly cut its investment banking division by 5 percent or about 500 jobs.

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