Credit Suisse Expects First-Quarter Loss on Russia

Credit Suisse, Switzerland's second-largest bank, is facing significant financial challenges due to the Russian invasion of Ukraine and increased legal provisions. The bank has warned of a $200 million impact from the invasion and a $700 million hit in the first quarter due to legal issues. Despite some gains from real estate, the overall outlook remains bleak, with shares down 18% this year. The bank is also affected by a slowdown in capital markets, adding to investor concerns about when a turnaround might occur.

What major global event has contributed to Credit Suisse's financial challenges?

• Russia's invasion of Ukraine

• COVID-19 pandemic

• US-China trade war

• Brexit

How much is Credit Suisse's earnings expected to be impacted in the first quarter?

• 500 million Swiss francs

• 700 million Swiss francs

• 900 million Swiss francs

• 1 billion Swiss francs

What has been one of the sources of gains for Credit Suisse despite the losses?

• Cryptocurrency investments

• Real estate

• Technology stocks

• Commodities

By what percentage have Credit Suisse's shares fallen this year?

• 10%

• 18%

• 25%

• 30%

What is one of the factors affecting Credit Suisse's overall business?

• Increase in interest rates

• Slowdown in capital markets

• Rise in oil prices

• Expansion in Asia