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Credit Suisse Puts Bermuda Lawsuit Struck at Around $600 Million|Investing News


May 4, 2022
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ZURICH (Reuters) – Credit Suisse anticipates a Bermuda lawsuit to cost it around $600 million, the Swiss bank stated in its first-quarter monetary report launched on Thursday, defining earlier remarks that damages might be well in excess of $500 million.

Its report kept its first-quarter bottom line at 273 million Swiss francs ($ 280.5 million) and had net lawsuits arrangements of 703 million, the same from the figures it formerly reported.

($ 1 = 0.9732 Swiss francs)

( Reporting by Michael Shields, modifying by Kirsti Knolle)

Copyright 2022 Thomson Reuters

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