15:31 - 1.05.2023

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May 1, Fineko/abc.az. Credit Suisse, one of the largest banks in Europe and Switzerland, went bankrupt and was bought by USB.

ABC.AZ reports that collapse of Credit Suisse began in the 2nd quarter of 2022.

Thus, the bank, which completed Q1 of 2022 with profit of $8.5 bn, unexpectedly ended the 2nd quarter with loss of $8.3 bn.

This loss has already exceeded $119 bn in the 4th quarter of 2022.