Credit Suisse could cut 5,000 jobs: paper
A Switzerland national flag flies in front of the logo of Swiss bank Credit Suisse at a branch office in Zurich ZURICH - Swiss bank Credit Suisse could announce the loss of up to 5,000 jobs in its investment banking business at its forthcoming first-quarter results, a Swiss newspaper reported on Sunday.
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#1 Apr 16, 2012
You wouldn't have lost all those jobs if you kept your gold. That's what happens when swiss banks fail to practice the gold discipline approach. Job security in swiss banks is directly linked to how much gold you have physically. Since 1999, swiss banks have been rusting away from the inside out. Your currency the franc is next in line for the slow death within 3 years, unless backed by gold, which since 1999 has risen dramatically in purchasing power.
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