Credit Suisse said on Wednesday that it would replace its Asia-Pacific CEO, as the Swiss bank announced that its 1Q22 WM losses were worse than expected amid a volatile market, client risk aversion and higher legal costs. The WM business booked a pre-tax loss of CHF 357 million, weaker than the estimated CHF 22.7 million, while trading revenue suffered a…
Credit Suisse overhauls APAC leadership as legal woes sink 1Q22 earnings
By Carly Lau, reporter | 27 April 2022

Credit Suisse Group HQ, Zurich
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