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Credit Suisse posts $1.6 bn loss in fresh blow to recovery, names new CEO

The bank saw net outflows of 7.7 billion francs as clients traded less and cut risk in response to gyrating equity markets

Topics
Credit Suisse | finance sector | Switzerland

Bloomberg 



Photo: Bloomberg
Photo: Bloomberg

Group AG posted its third straight quarterly loss after investment banking revenue declined and clients pulled money, underscoring the Swiss firm’s challenges in exiting its worst slump since the financial crisis.

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First Published: Wed, July 27 2022. 16:29 IST

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