Credit Suisse to close 14 branches in Switzerland

Embattled Swiss bank Credit Suisse is to close 14 of its 109 branches in Switzerland by February 2023 as part of a comprehensive restructuring programme. A further two branches will be converted into advisory centres. “This decision is mainly due to the changing habits of our clients, who are increasingly using our mobile and internet services,” a Credit Suisse spokesperson told AWP on Tuesday, confirming information from the Finews portal. As part of recent restructuring and cost-cutting measures, the Zurich-based bank has accelerated the adjustment of its branch network, he added in an email. He did not specify which branches were affected by the closures, but he stressed that the bank would remain present “in all regions of Switzerland”. Employees affected by the closures would be supported in finding “new opportunities within Credit Suisse. A social plan is also available to them”. Radical restructuring Credit Suisse has suffered a string of setbacks in recent years by...