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Credit Suisse warns of $1.6 billion loss as rich clients leave

Por: CNN Business November 24, 2022

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Credit Suisse expects a pretax loss of up to 1.5 billion Swiss francs ($1.58 billion) in its fourth quarter as it keeps bleeding cash, the Swiss bank said on Wednesday, shortly before shareholders approved a . The bank said a “challenging” economic and market environment had hurt client activity, while cash outflows across the business had increased at the start of its fourth quarter. The profit warning is the latest setback for the which... + full article



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