According to dealbreaker, Credit Suisse's prop group lost $2 billion in 2009, and are planning on laying off 30% of the group. No idea whether it's true or not.
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Misquoting a probably baseless rumor. Nice work!
baseless rumour? i thought in the world of finance, if there's a rumour, chances are its more or less true
That's harsh. Is prop trading almost wiped out?
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