Additionally, Credit Suisse announced that it cut 75 jobs across its British investment banking division, according to a story in The Guardian.
Credit Suisse eliminated about 325 jobs last fall and this year has
slashed more than 1,000 positions, whittling its investment banking
staffers down to 19,000 worldwide.
Wall
Street has laid off more than 60,000 since the credit crunch began. Lehman Brothers Inc. and Bear Stearns Cos.
laid off a large number of employees due to the ailing markets -- and
in Bear's case due to a merger with J.P. Morgan Chase & Co., which may issue more pink slips.
So
far there have been 4,000 dismissals at Morgan Stanley, 5,000 at
Merrill Lynch & Co., 7,000 at UBS and 16,000 at Citigroup Inc., according to
New York Magazine. - Maria Woehr
See Dealscape: Pink slips at J.P. MorganSee Dealscape: More Wall Street layoffs at Goldman Sachs
See Dealscape: More Lehman layoffs
See Dealscape: Bear Stearns layoffs begin
More bad news for investment bankers on the Street. Credit Suisse Group is expected to dole out pink slips, 
