Credit Suisse issues profit warning caused by jump in legal costs

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The bank, beset by a string of controversies, has put aside an extra 600m Swiss francs for unspecified cases

Credit Suisse has announced it is likely to report a first-quarter loss owing to a jump in legal costs, as the beleaguered bank tries to draw a line under a string of scandals.

 

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Credit Suisse warns of first-quarter loss as legal provisions balloon\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t FIFA_is_unjust Women can get pregnant five to eight days after having sex. ... A female can give birth to about 35 babies in a lifetime.
Source: FT - 🏆 113. / 51 Read more »

Credit Suisse warns of first-quarter loss as legal provisions balloon\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t FIFA_is_unjust Women can get pregnant five to eight days after having sex. ... A female can give birth to about 35 babies in a lifetime.
Source: FT - 🏆 113. / 51 Read more »

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