Wealth and Asset Management
Credit Suisse reports $275 million first-quarter loss after Archegos hedge fund scandal
Credit Suisse reported Thursday a net loss of 252 million Swiss francs ($275 million) for the first quarter, at a time of increased pressure on the bank. It said the loss reflected a “significant charge with respect to the US-based hedge fund matter in 1Q21 (first quarter), offsetting positive performance…
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