swxcsgn
The decision has been later confirmed by the SNB and the Swiss Financial Market Supervisory Authority (FINMA) as Credit Suisse fulfills the “capital and liquidity requirements imposed on systemically important banks.” Q4 2022 hedge fund letters, conferences and more The troubled lender also made a tender offer to repurchase up to 3 billion Swiss francs’ worth of dollar- and euro-denominated debt. “These measures demonstrate decisive action to strengthen Credit Suisse as we continue our strategic transformation to deliver value to our clients and other stakeholders,” Credit Suisse CEO Ulrich Ko...
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Credit Suisse Group AG (NYSE:CS) (SWX:CSGN) CEO Thomas Gottstein says the loss the investment bank sustained in Archegos was “unacceptable.” The firm reported net losses of 252 million Swiss francs ($275 million) for the first quarter. Q1 2021 hedge fund letters, conferences and more Credit Suisse reports loss from ArchegosCredit Suisse said the loss was due to a "significant charge with respect to the U.S.-based hedge fund matter in 1Q21), offsetting positive performance across wealth management and investment banking." Earlier this month, the Swiss bank warned it would report deep losses aft...
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