Digital World Acquisition Corp
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Company profile

Digital World Acquisition Corp is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company intends to focus on companies in the healthcare industry in the United States. The Company is not engaged in any business operations and has not generated any revenue.

Closing Price
$15.32
Day's Change
0.01 (0.07%)
Bid
--
Ask
--
B/A Size
--
Day's High
15.58
Day's Low
14.90
Volume
(Below Average)
Volume:
581,814

10-day average volume:
723,771
581,814

Credit Suisse swings to $4.09 billion loss as revenue drops 30%

1:22 am ET October 27, 2022 (MarketWatch)
Print

By Dominic Chopping

Credit Suisse Group AG on Thursday swung to a larger-than-expected third-quarter net loss, with the bank saying earnings were significantly affected by the continued challenging market and macroeconomic conditions, leading to a weaker performance for its investment bank in particular.

The Swiss lender (CSGN.EB) posted a net loss of 4.03 billion Swiss francs ($4.09 billion), compared with a profit of CHF434 million a year earlier, as quarterly revenue dropped 30% to CHF3.8 billion.

A company-compiled consensus forecast had expected a net loss of CHF413 million on revenue of CHF3.99 billion.

The bank ended the quarter with a common equity Tier 1 ratio--a key measure of balance-sheet strength--of 12.6%, compared with 14.4% in the year-earlier period.

Credit Suisse also announced a strategy update that Chief Executive Ulrich Körner said will "radically restructure the investment bank, strengthen capital, and accelerate our cost transformation."

Write to Dominic Chopping at dominic.chopping@wsj.com

-Dominic Chopping

	

(END) Dow Jones Newswires

October 27, 2022 01:22 ET (05:22 GMT)

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