Credit Suisse execs out as bank takes $4.7 billion hit from hedge fund collapse

210406032642 02 credit suisse 0215 restricted super tease 500x281 Credit Suisse execs out as bank takes $4.7 billion hit from hedge fund collapse

A Credit Suisse Group AG office building??as night falls in Muri, Bern, Switzerland, on Monday, Feb. 15, 2021. Credit Suisse is expecting to post a fourth-quarter loss when it reports earnings on Feb. 18, after setting aside $850 million for U.S. legal cases including MBIA and booking a $450 million impairment on a hedge fund investment. Photographer: Stefan Wermuth/Bloomberg

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