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Thread: Credit Suisse reports loss after Archegos scandal

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    Default Credit Suisse reports loss after Archegos scandal

    Credit Suisse reports loss after Archegos scandal; CEO insists there’s no risk culture problem

    KEY POINTS

    “The loss we had in Archegos was unacceptable,” Credit Suisse CEO Thomas Gottstein told CNBC Thusday.

    The Swiss lender expects to take an additional loss in the second quarter of around 600 million Swiss francs.

    Shares fell 5% in early European trading hours.
    https://www.cnbc.com/2021/04/22/cred...-q1-2021-.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.


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    Default Re: Credit Suisse reports loss after Archegos scandal

    And they still have fallout from Greensill to deal with.

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