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)
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