CNBC: Credit Suisse takes hit from US hedge fund; warns of ‘highly significant’ losses

CNBC reports:
KEY POINTS 
– 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 …

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Source: The Loadstar

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