Credit Suisse still paying for the subprime era

On the 01.11.21 at 7:39AM


Franck Joselin

The bank has set aside a $850m provision, sending it into the red for the fourth quarter of 2020.

A blast from the past. Ten years ago, the provision announced by Credit Suisse would have seemed commonplace. Nowadays, It’s like a rerun of Back to the Future.

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