Hundred dollar bill. Falling money isolated background. American cash.

CNBC reports:


– In a trading update before the market open, the Zurich-based lender said a number of other banks were also affected and had begun exiting their positions with the firm.

 – The bank added that it would provide a further update on the matter “in due course.”

Credit Suisse warned Monday of a “highly significant” hit to to its first-quarter results, after it began exiting positions with a large U.S. hedge fund that defaulted on margin calls last week.

In a trading ...

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