Credit Suisse 78% Q2 net profit slide shows Archegos hit
07/29/2021 5:15
ZURICH (Reuters) - Credit Suisse on Thursday posted a 78% fall in second-quarter net profit, as a steep drop in its investment banking revenues sharpened the blow from recent Archegos and Greensill scandals.
Net profit of 253 million Swiss francs ($278.45 million) missed average forecasts for 334 million Swiss francs in the bank s own poll of 18 analysts.
Meanwhile, it unveiled its findings from an investigation into the Archegos matter. Credit Suisse delivered resilient underlying second quarter results and strong capital ratios as we are benefiting from having taken decisive actions to address the challenges raised by the Archegos and Supply Chain Finance Funds matters. We take these two events very seriously and we are determined to learn all the right lessons, Chief Executive Thomas Gottstein said in a statement.
Credit Suisse: Chute du bénéfice net de 78% au T2, impacté par Archegos
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Credit Suisse 78% Q2 net profit slide shows Archegos hit
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