scorecardresearchCredit Suisse Posts $1.6 Billion Loss in Fresh Blow to Recovery

Credit Suisse Posts $1.6 Billion Loss in Fresh Blow to Recovery

Updated: 27 Jul 2022, 10:43 AM IST
TL;DR.
Credit Suisse 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.
A sign hangs outside a Credit Suisse Group AG bank branch in Geneva, Switzerland, on Monday, July 25, 2022. Credit Suisse report 2Q earnings on July 27. Photographer: Jose Cendon/Bloomberg

A sign hangs outside a Credit Suisse Group AG bank branch in Geneva, Switzerland, on Monday, July 25, 2022. Credit Suisse report 2Q earnings on July 27. Photographer: Jose Cendon/Bloomberg