Credit Suisse to merge Aargau retail banks in 100 million Swiss francs savings measure

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The savings, which it expects to generate from 2022 onwards, would form part of a group-wide revamp and 400 million franc savings package unveiled at the end of July, it said.

Savings would be achieved both through headcount reductions as well as lower general expenses related to branch closures and the merging of the two entities, it said.