Tue, 21-Oct-2025

Credit Suisse braces for another loss

Credit

Credit Suisse was already in the red in the first quarter due to a larger-than-expected loss last year. Russia’s invasion of Ukraine, monetary tightening by central banks and end. Covid-linked stimulus measures have caused “heightened market volatility”, the bank said. Credit Suisse, the scandal-plagued Swiss banking giant, warned on Wednesday that it expects to report … Read more

Credit Suisse takes hit from Ukraine war, litigation

Credit Suisse

Swiss banking large Credit Suisse warned Wednesday that it’ll face a loss in the first quarter because of the effect of longstanding legal topics and Russia’s invasion of Ukraine. The USA’s 2d-biggest bank stated its results “may be adversely affected” by the Ukraine conflict to the track of 2 hundred million Swiss francs (195 million … Read more