Dow Jones

LONDON - Credit Suisse First Boston will lay off about 300 staff worldwide this week to eliminate overlap resulting from its acquisition last year of New York investment bank Donaldson, Lufkin & Jenrette, a source close to the bank said Tuesday.

The announcement of the layoffs could come as early as today, said the source, who declined to be named. The unit of Credit Suisse Group had no comment on any layoffs.

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