The bank ditched its chief executive officer of two years, Thomas Gottstein, and announced another major strategic review, the second in two years and third since 2015.
CREDIT Suisse’s second-quarter results were expected to be bad and, boy, the Swiss bank delivered.
Its after-tax loss of 1.6 billion Swiss francs (US$1.7bil or RM7.6bil) was nearly 7½ times larger than expected – but only the worst quarterly loss since the final three months of last year.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
