Monday, 22 December 2008

Credit Squisses further

More bad news at Credit Squisse, the credit squeezed Swiss bank that is making swingeing cutbacks.
I hear that 3,000 staff were axed last week, leaving banks of empty desks in the UK HQ and the remaining staff feeling decidely isolated as they rattle around the deserted football pitch-sized trading floor.
Meanwhile, management is apparently imposing a new limit on expenses, where Credit Squisse's bankers can no longer spend more than £100-a-head on a spot of lunch. Now that really is a crisis.

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