© Reuters. FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann
ZURICH (Reuters) – Credit Suisse (SIX:) expects a Bermuda court case to cost it around $600 million, the Swiss bank said in its first-quarter financial report released on Thursday, specifying earlier remarks that damages could be well in excess of $500 million.
Its report kept its first-quarter net loss at 273 million Swiss francs ($280.5 million) and had net litigation provisions of 703 million, unchanged from the figures it previously reported.
($1 = 0.9732 Swiss francs)
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