staff cuts
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Credit Suisse CEO: Silicon Valley Bank’s credit risk exposure is not large
According to the report, the CEO of Credit Suisse said that the credit risk exposure of banks in Silicon Valley was not large. The CEO of Credit Suisse said that the bank would cut 8% of its staff. Interpretation of this information: The statement made by the CEO of Credit Suisse regarding the credit risk exposure of banks in Silicon Valley has raised several questions. For starters, it suggests that the banks in the region are not heavily exposed to these risks, contrary to what some may have believed. This…
