Credit Suisse cuts rates teams in Asia, but FX safe

- By FX Markets Staff
- @FXMarkets_
- 15 Dec 2008

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The rates teams in Tokyo face a significant reduction on the structuring side as well. "Across the board, what we're trying to do is scale back on exotic products. Most of the exotic structuring for rates is done in Tokyo, so they will be hit harder," said a bank source.

Credit Suisse has also begun trimming in Singapore, according to industry sources who estimate that around 200 people in the Lion City will eventually be laid off, again mainly in equities structuring. Sources within the bank say

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