Credit Suisse warns of yet another loss

Switzerland’s second-largest bank has described 2022 as a “transition” year, in which it is trying to turn the page on costly scandals that brought ousters and a near-total reshuffle of top management as well as a restructuring seeking to curtail risk-taking, particularly in its investment bank. The lender said in a statement that the investment bank was likely to lead to a group-wide loss in the second quarter due to the Russia-Ukraine war and significant monetary tightening, which it said had led to weak customer flows and clients reducing their borrowings, particularly in the Asia-Pacific region.”The impact of these conditions, together with continued low levels of capital markets issuance

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