Credit Suisse Cuts Dozens in Asia Investment Bank Overhaul

Credit Suisse Group AG is cutting more than two dozen front line roles at the investment bank in Asia as the Swiss lender grapples with losses and a weakening outlook for the global economy, people familiar with the matter said.

The reductions in recent weeks fell across businesses including deal-making and trading, the people said, asking not to be identified discussing private information. They are part of a global effort to reduce costs, and more cuts may follow in the fourth quarter, one of the people said.

The dismissals come as Credit Suisse is warning of a third straight quarterly ...