Investment bank overhaul as early as today. Manus you are welcome to countdown. Anna a warm welcome to the program. We are getting some breaking news, as we suggested in the headlines. Breaking news on credit squeeze. Manus five months into the restructuring. Of 1. 7 billion swiss francs. Cut 2000isse will additional jobs. In terms of cost cuts, 1. 7 billion swiss francs in 2016. 4. 3 billion swiss francs in 2018. You have a rising in terms of the cost savings. By 2018, a net cost savings of more than 3 billion. Operating cost space will be less than eight teen billion dollars. Originally, they said it would be 18. 519. Anna accelerating this restructuring in various areas. Manus they are exiting distressed credit. They are to exit the Global Markets efpt division. They will exit Global Markets longterm. Illiquid financing. Speculation that various institutions had been talking to Credit Suisse about their portfolios. This is trying to produce more assets which take up so much p this i
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