Credit Suisse Confusion on Costly Trades Adds to CEO's WoesBy and
Illiquid trading positions to contribute to quarterly loss
Thiam says positions a result of `unacceptable' practices
Credit Suisse Group AG Chief Executive Officer Tidjane Thiam dropped a bombshell on investors: Caught off guard by a buildup of illiquid trading positions, the CEO said the bank will probably post a second straight quarterly loss as it unwinds the trades and deepens cuts at that business.
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