Name: Credit Suisse has reported massive loss ahead of restructuring
Uploaded: 2022-10-28T15:36:31.466Z
Duration: 68
Description: Credit Suisse is restructuring its business as the bank attempts to put years of scandals behind it. The Swiss lender has finally outlined its long-awaited overhaul, what its chairperson Axel Lehmann dubbed a 'blueprint for success', after reporting $4B of net losses in the third quarter. But the radical turnaround plan could involve up 9,000 job losses. #CreditSuisse #Restructuring #Earnings