Swiss bank Credit Suisse Group is slashing 1,000 more jobs as part of its plans to restructure the investment bank for meeting tough new capital rules, Reuters reports. The job cuts will affect wealth management and investment banking in the U.S. and London.

The lender will also aim to trim its risk-weighted assets by approximately $112.34 billion by cutting down the capital consuming fixed-income operation. As part of the ongoing restructuring process, Credit Suisse is also closing its commercial mortgage-backed securities loan origination unit.

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