At the time of increased pressure on the bank, Credit Suisse Bank recorded a net loss of 252 million Swiss francs, equivalent to $ 275 million.
According to Cnbcarabia, the Swiss Bank warned of heavy losses earlier this month after a scandal involving Archegos Capital, a United States hedge fund, which collapsed after carrying a lot of risk.
In addition, the Executive Officer of the Bank of Investment Prayan Qin and the President of Risk Management and Compliance, Lara Warner, has resigned from one another. The Executive Board decided to waive rewards for 2020, as well as reducing proposed profits.
