Credit Suisse to Hire 130 for Its I-Bank

Credit Suisse Group AG, Switzerland's biggest bank by market value, said Tuesday that it plans to hire more than 130 salespeople for its investment bank this year.

The unit plans more than 30 hirings in foreign exchange, 20 in leveraged finance, 40 for its rates business and a similar number in emerging markets, David Mathers, the investment bank's chief operating officer, told a conference organized by Morgan Stanley in London.

Credit Suisse returned to profitability in 2009 after having cut 7,420 jobs across the whole bank during the financial crisis, according to data compiled by Bloomberg.

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