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Credit Suisse slumps to CHF1.6bn loss after torrid year
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Credit Suisse slumped to a CHF1.6bn net loss for 2021 as successive crises rocked the Swiss bank — a torrid year that to an exodus of talent, a strategic overhaul and a flurry of executive exits.
The investment banking unit of Credit Suisse unveiled a CHF3.7bn loss for 2021, dragged down by its exposure to collapsed family office, Archegos Capital, and money put aside to cover historic litigation issues.
Credit...
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