Possible job losses at Credit Suisse

It’s understood around 24 jobs are to go at financial services firm Credit Suisse in Douglas.

Employees at the firm's office were called to a meeting yesterday (Wed) and told the Isle of Man operation is to be scaled down.

Credit Suisse has released few details, saying it continues to monitor the size of its business 'relative to client opportunities and market conditions' and is 'realigning resources to growth areas'.

Two years ago, nine jobs were lost at Credit Suisse as the bank moved its trust accounting activities to Guernsey.