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Credit Suisse Reports $4 Billion Loss in Q2

1 min read
Source: Reuters
Credit Suisse Reports $4 Billion Loss in Q2
Photo: Reuters
TL;DR Summary

Credit Suisse, now a subsidiary of UBS, reported a loss of 3.5 billion Swiss francs ($4.0 billion) in the second quarter of 2023, according to insiders. The bank had already anticipated a significant pre-tax loss due to its exit from non-core businesses and restructuring costs. UBS is set to release its quarterly results on August 31.

Topics:business#credit-suisse#finance#financial-results#loss#second-quarter#ubs
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  1. Credit Suisse posted $4 billion loss in second quarter, Sonntagszeitung reports  Reuters
  2. Credit Suisse posted US$4-billion loss in second quarter, media reports  The Globe and Mail
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