{"id":2013535,"date":"2023-08-27T12:31:02","date_gmt":"2023-08-27T16:31:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-suisse-posted-4-billion-loss-in-2q-sonntagszeitung-reports\/"},"modified":"2023-08-27T12:31:59","modified_gmt":"2023-08-27T16:31:59","slug":"credit-suisse-posted-4-billion-loss-in-2q-sonntagszeitung-reports","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-suisse-posted-4-billion-loss-in-2q-sonntagszeitung-reports\/","title":{"rendered":"Credit Suisse reports $4B loss in 2Q, says Sonntagszeitung."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcredit-suisse-posted-4-billion-loss-in-2q-sonntagszeitung-reports%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2013535&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><h2>Breaking\u200d News: Credit Suisse \u2063Posts $4 Billion\u2062 Loss in Q2 2023<\/h2>\n<\/p>\n<p>According to insiders at the\u2062 bank, Credit Suisse,\u200d now a\u200c subsidiary of UBS, has reported a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shock-half-of-covid-19-unemployment-funds-may-have-gone-to-scammers\/\" title=\"SHOCK: \u2018Half\u2019 Of COVID-19 Unemployment Funds May Have Gone To Scammers\">staggering loss<\/a> of 3.5\u2062 billion Swiss \u200dfrancs ($4.0\u200b billion) in the second quarter of 2023. This news comes as a blow to \u2062the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/artificial-intelligence-will-be-at-center-of-future-financial-crises-sec-chairman-warns\/\" title=\"SEC Chairman warns that Artificial Intelligence will play a pivotal role in future financial crises.\">financial\u2063 industry<\/a>, and experts are closely watching the situation.<\/p>\n<p>Spokespersons \u2064for UBS and Credit Suisse have declined \u2063to comment on the\u200c matter, leaving many questions \u2062unanswered.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Credit Suisse had already anticipated a \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-suisse-posted-4-billion-loss-in-2q-sonntagszeitung-reports\/\" title=\"Credit Suisse reports B loss in 2Q, says Sonntagszeitung.\">significant pre-tax loss<\/a> for the second\u200d quarter and full year 2023. This was due to their\u2063 strategic decision\u2063 to exit non-core \u200dbusinesses, as well as the costs associated with restructuring and financing.<\/p>\n<p>UBS, on the \u2064other hand, is set to present its quarterly results on August 31st,\u2063 which will be closely watched\u200b by investors and analysts.<\/p>\n<p>($1 = 0.8845 Swiss \u2064francs)<\/p>\n<\/p>\n<p>  (Reporting by Oliver Hirt; Writing by Maria Martinez; Editing by\u200c Hugh Lawson)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/credit-suisse-posted-4\/attachment\/illustration-shows-ubs-group-and-credit-suisse-logos\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Hollywood Icon Bob Barker Passes Away<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Week In \u200cReview: Major Headlines from Around the\u200b World<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Black Diversity Equity Inclusion Director Fired \u2062for Asking Questions<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Trial Date to be\u2063 Determined in Former \u200bPresident Trump&#8217;s D.C. Case<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>Ericsson Predicts $1 Billion Income from Intellectual\u2063 Property Rights\u200d Licensing<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>New Reporting Requirements\u2063 for Cryptocurrency Brokers<\/h3>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h3>India Developing New Electric \u2062Vehicle Policy<\/h3>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>posted a loss of 3.5 billion Swiss francs ($4.0 billion) in Q2 2023 as a subsidiary of UBS, according to insiders at the bank. UBS and Credit Suisse declined to comment.<\/p>\n","protected":false},"author":66,"featured_media":2013536,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2013535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2013535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2013535"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2013535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2013536"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2013535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2013535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2013535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}