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Credit Suisse reports loss after Archegos scandal; CEO insists there’s no risk culture problem

  • "The loss we had in Archegos was unacceptable," Credit Suisse CEO Thomas Gottstein told CNBC Thusday.
  • The Swiss lender expects to take an additional loss in the second quarter of around 600 million Swiss francs.
  • Shares fell 5% in early European trading hours.

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