The Swiss banking giant announced its much awaited 'transformation' plan, which includes revamping its investment banking business, slashing 9,000 jobs, and a capital injection. The plan sent the bank's stock tumbling
Zurich, Switzerland: Credit Suisse unveiled radical measures Thursday aimed at turning around the beleaguered bank following huge third quarter losses, including revamping its investment banking, slashing 9,000 jobs and a capital injection from the Saudi National Bank.