Credit Suisse reports loss after Archegos scandal

[tsptalk]

Credit Suisse reports loss after Archegos scandal; CEO insists there’s no risk culture problem

KEY POINTS

“The loss we had in Archegos was unacceptable,” Credit Suisse CEO Thomas Gottstein told CNBC Thusday.

The Swiss lender expects to take an additional loss in the second quarter of around 600 million Swiss francs.

Shares fell 5% in early European trading hours.

https://www.cnbc.com/2021/04/22/credit-suisse-earnings-q1-2021-.html

 

[Bullitt]

And they still have fallout from Greensill to deal with.