The bank is still reeling from billions in losses racked up in 2021, which prompted a top management shake-up, and as it faces further probes over compliance and risk failings.
This came after a Bermuda court last month ruled Georgia's former prime minister and his family were due damages"substantially in excess of $500m" from Credit Suisse's local life insurance arm as a result of fraud. Its exposure to the impact of Russia's invasion of Ukraine would adversely affect results by an aggregate 200 million francs in negative revenue and provisions for credit losses.
Underlying results had been adversely impacted by a reduction in capital market issuances and by lower business activity, it added.
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