×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Zurich — Credit Suisse Group is set to report the biggest pre-tax quarterly loss in more than four years following a string of costly errors. Investors want to know how much more pain is to come.

The Swiss bank has already flagged that it expects a 900-million franc ($983m) pre-tax loss in the first quarter, after booking a $4.8bn hit on exposure to Bill Hwang’s Archegos Capital Management. That may not be the end of it, as JPMorgan Chase  sees further markdowns and questions remain over the extent of losses tied to the collapse of Greensill Capital...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.