Credit Suisse posts another quarterly loss, rejigs management
The bank also announced another set of top management departures.
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The bank also announced another set of top management departures.
Zurich-based bank's wealth management results came in weaker than expected in Q1, and trading revenue suffered a big hit.
(Bloomberg) -- Credit Suisse Group AG reported a second-straight quarterly loss, as the lender struggles with a growing burden of legacy litigation costs that continue to batter its reputation. The Zurich-based bank had a net loss of 273 million Swiss francs ($284 million), more than the 114.
Move come as Swiss lender reports dramatic fall in revenue in first quarter of the year
Singapore-based Low is currently Credit Suisse’s Southeast Asia CEO.