Credit Suisse CEO Fights on All Fronts as He Faces Lost Year
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When Deutsche Bank AG was in similarly dire straits a few years ago, it took the drastic step of chucking out the entire equities trading unit. It also stopped paying dividends for two years and ended up cutting about 7,000 jobs. While the restructuring, which officially ended at the beginning of this year, is widely seen as successful, it owes much to the tailwind it received from a global trading boom and, more recently, rising interest rates.
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