www.theedgemarkets.com/article/...fewer-employees-post-crisis
"..Online banking is becoming more important and will lead to a decrease in the importance and number of branches, chief executive officer (CEO) Thomas Gottstein said in an interview with Swiss newspaper NZZ. Staff could work remotely for 10% to 20% of the time, according to first estimates, and the bank will likely need less office space, he said.
The bank could streamline “many processes”, Gottstein said, adding that this is one of his priorities.
...In Asia, a soured margin loan to Lu Zhengyao, the billionaire founder of Luckin Coffee Inc, contributed to an increase in Credit Suisse’s first-quarter loan-loss provisions, according to people with knowledge of the matter. ..."