Credit Suisse losses mount as UBS risk head delays departure due to takeover
Katie Royals, 24/04/2023
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Credit Suisse reported an adjusted pre-tax loss of CHF 1.3 billion in the first quarter of 2023, ahead of its takeover by UBS.
The Swiss bank said its performance in Q1 was mainly impacted by actions leading up to and stemming from the planned takeover of Credit Suisse by UBS, which was announced on 19 March 2023.
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