Credit Suisse Reports Net Loss for First Quarter, Reshuffles Management Team as Litigation Costs Bite
On Wednesday, the Swiss bank confirmed that Russia-related losses amounted to 206 million Swiss francs.
David Mathers, who has been chief financial officer since 2010, is leaving the bank. However, he will remain in his current position until a replacement is found.on Wednesday reported a net loss for the first quarter of 2022 and announced a management reshuffle, as the Swiss lender struggles with litigation costs and the fallout from the Russia-Ukraine war.
The net loss came in at 273 million Swiss francs for the quarter, after sending out a profit warning last week. On Wednesday, the Swiss bank confirmed that Russia-related losses amounted to 206 million Swiss francs.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Credit Suisse loves these tech stocks, says 3 have upside of more than 130%Credit Suisse has named a raft of tech stocks it believes will outperform, saying all of them have more than 40% potential upside.
Weiterlesen »
Credit Suisse investor rebellion over climate action grows ahead of annual meetingA group of Credit Suisse investors pushing for faster climate action at the Swiss bank has more than doubled in size, raising pressure on its board ahead of its annual shareholder meeting on Friday.
Weiterlesen »
First credit card ‘by conservatives for conservatives’ hits marketWhat’s in your wallet is probably a credit card that supports an array of left-wing causes — Rob Collins wants that to change.
Weiterlesen »
The Democratic Senator who killed Biden's child tax credit has a soaring approval ratingDemocratic Senator Joe Manchin is largely responsible for killing Biden's child tax credit extension. But his poll numbers are soaring.
Weiterlesen »
HSBC profit falls on credit charges as economic outlook worsensHSBC's profit fell by less than expected in the first-quarter but Europe's biggest bank warned that more share buybacks were unlikely this year as rising inflation and economic weakness had dented its prospects.
Weiterlesen »
Who Gets Credit for a Restaurant Dish? On This Menu, It’s Obvious.“This menu was a bit different because it’s the first time where I really felt like it was a true collaboration.” — Dirt Candy’s Amanda Cohen
Weiterlesen »