Swiss parent company Credit Suisse revealed it will merge CSFB with its retail and private banking business within two years to create "a fully integrated bank". CSFB investment banking head Brady Dougan said the move will lead to between 200 and 300 job cuts in the short term, but did not say how many redundancies would come from its 6,000 London staff based at offices in Canary Wharf. Combining Credit Suisse and CSFB is expected to take between 18 months and two years.