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Credit Suisse losses deepen in 2Q22 as Thomas Gottstein stands down

Credit Suisse posted a CHF 1.2 billion loss in 2Q2022 as net revenues fell 29% YoY amid lower client activity, volumes, and recurring revenues in investment banking. The Swiss bank also said CEO Thomas Gottstein would step down as part of a wider review of group strategy. For Credit Suisse’s wealth management business, adjusted pre-tax income slumped 74% YoY to…

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