Credit Suisse puts Bermuda court case hit at around $600 million -Breaking
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ZURICH (Reuters) – Credit score Suisse (SIX:) expects a Bermuda court docket case to price it round $600 million, the Swiss financial institution stated in its first-quarter monetary report launched on Thursday, specifying earlier remarks that damages may very well be properly in extra of $500 million.
Its report stored its first-quarter web loss at 273 million Swiss francs ($280.5 million) and had web litigation provisions of 703 million, unchanged from the figures it beforehand reported.
($1 = 0.9732 Swiss francs)
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