NEW YORK—Rating agency Moody’s Investors Service expects losses for Credit Suisse to swell to $3 billion by year-end, potentially bringing its core capital below the key 13 percent level, Moody’s lead analyst on the bank told Reuters.
Credit Suisse has reported 1.9 billion francs ($1.92 billion) of losses in the first half of the year. In July, the bank said it expected to operate with a common equity tier 1 (CET1) ratio of between 13 percent and 14 percent for the rest of 2022.
