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Credit Suisse Declined Nearly 3% in Premarket Trading as It Warned of Q1 Loss

Tiger Newspress2022-04-20

Credit Suisse declined nearly 3% in premarket trading as it warned of Q1 loss.It said Wednesday that it expects to report a loss for the first quarter as a result of setting aside more money for legal issues.

It also flagged that its franchise faced headwinds during the quarter. "Our underlying results have been adversely impacted by a reduction in capital market issuances and by lower business activity," the bank said.

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  • Yann Chan
    ·2022-04-20
    Ok
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  • FU5591
    ·2022-04-20
    gd
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  • Jialatsia
    ·2022-04-20
    Meep
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  • Dawlim
    ·2022-04-20
    Not surprise at all.  Greensill dispute is still a blackbox since CS top mgmt decide not to publish the full report.  Still a big thumb down for me!
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