A long time exposure shows light trails of a tram driving past the headquarters of Swiss bank Credit Suisse at the Paradeplatz square in Zurich, Switzerland October 21, 2015. REUTERS/Arnd Wiegmann
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Credit Suisse Group AG, the Swiss lender seeking to lower costs at its investment bank, cut two equity analyst positions in Dubai and reduced jobs in South Africa, including researchers covering stocks, according to people familiar with the matter.Thiam plans to boost Credit Suisse's profitability by focusing on Asia-led wealth management and said in his Sept. 27 presentation that Credit Suisse is on track to meet its goal of 6,000 job cuts this year, with 1,200 still to come.After quitting a joint venture with Standard Bank Group Ltd., Africa's biggest lender by assets, in 2010, Credit Suisse set up its own equities team in Johannesburg.
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