© Reuters. FILE PHOTO: The logo of the Swiss bank Credit Suisse is seen at a branch office in Zurich
ZURICH (Reuters) – Credit Switzerland (SIX 🙂 on Thursday announced first quarter first quarter pre-tax loss of 757 million Swiss francs was slightly smaller, as a multi-billion dollar loss from the collapse of US investment fund Archegos prevented becomes a good quarter of trading
Excluding the 4.4 billion francs fee and other key charges, the bank said pre-tax profit would be 3.6 billion francs, which would be the bank’s best quarter in at least a decade.
A net loss of 252 million francs compared to an average estimate of 815 million francs in the bank’s own 17 analysts poll.
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