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Credit Suisse: new losses for Archegos, profit -78%

2021-07-29T07:23:49.426Z


Credit Suisse pays the effects of the Archegos and Greensill cases in the second quarter as well. Net profit amounted to 253 million francs, down by 78% compared to the same period in 2020. (ANSA)


(ANSA) - MILAN, JUL 29 - Credit Suisse pays the effects of the Archegos and Greensill cases in the second quarter as well.


   Net profit stood at 253 million francs, a decrease of 78% compared to the same period in 2020. The pre-tax result fell by 48% year-on-year to 813 million francs.

The investment bank reported losses of 76 million francs.

The Swiss hip has set aside 594 million francs of additional provisions in relation to the losses generated by the collapse of the hedge fund Archegos.

(HANDLE).


Source: ansa

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