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Credit Suisse recovery weighed down by billions in legal bills

Swiss lender says it has taken measures to improve its risk culture, which is at the root of many of its legal woes

Credit Suisse's multibillion-dollar legal bills are posing another threat to its planned recovery.

The Swiss bank has taken around $4bn in litigation provisions since 2020, contributing to net losses in 2021 and 2022. In February, it estimated up to another $1.3bn looks reasonably possible.

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