Credit Suisse reports abysmal results

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Source: Dukascopy Bank SA


Credit Suisse Group has reported its worst yearly loss since the 2008 financial crisis. In addition, the bank has warned that it expects losses to continue into 2023.

During the recent months the bank has been involved in one scandal after another and suffered outflows of nearly $120 billion.

On the announcement, the company's stock price declined almost 12.00%, compared to yesterday's closing price.
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