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Credit Suisse Loses CHF 1.3 Billion in Q1 2023, Resigns From Klein Takeover

Credit Suisse has announced its Q1 2023 financial results, highlighting a pre-tax income of CHF 12.8 billion ($14.1 billion) and a CET1 capital ratio of 20.3%. The quarter was marked by growing challenges, primarily stemming from the planned merger with UBS Group AG, which was revealed in March.Credit Suisse Sees Significant Asset OutflowsThe bank's performance during the quarter was significantly impacted by a CHF 15 billion write-down in Additional Tier 1 (AT1) capital notes, ordered by the... Read More

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Content Topics

Credit

Suisse

Loses

Billion

2023

Resigns

From

Klein

Takeover

Forex

Posted: Apr 24 2023, 06:23

Author Name: financemagnates

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