Home Stock Market Credit Suisse lost Sfr 252 million in the first quarter, when Archegos...

Credit Suisse lost Sfr 252 million in the first quarter, when Archegos wiped out trading profits


2/2

© Reuters. FILE PHOTO: The logo of the Swiss bank Credit Suisse is seen at a branch office in Zurich

2/2

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.

Disclaimer: Fusion Media wants to remind you that the data contained in this website is not necessarily real-time nor is it accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges but are provided by the market makers, so the prices may be inaccurate and may differ from actual market price, which means that price is indicative only and not suitable for trading purposes. Consequently, Fusion Media accepts no liability whatsoever for any transaction losses you may incur as a result of using this data.

Fusion Media or anyone associated with Fusion Media will not be liable in any way for loss or damage resulting from dependence on information including data, quotes, charts and buy / sell signals contained in the this site. Please be fully informed about the risks and costs associated with trading the financial markets, which is one of the riskiest investments possible.



RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments