Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week and only about 20 bankers will be spared the cuts as part of the bank’s integration with UBS Group.

Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week and only about 20 bankers will be spared the cuts as part of the bank’s integration with UBS Group.