RESEARCH TRIANGLE PARK – Credit Suisse is warning that its losses are deepening. The Swiss-based bank has a big data operation in the Triangle. “The Investment Bank has been impacted by the substantial industry-wide slowdown in capital markets and reduced activity in the Sales & Trading businesses, exacerbating normal seasonal declines, and the group’s relative underperformance,” Switzerland’s second largest bank said in a statement Wednesday. But that expansion only moved ahead after North Carolina General Assembly passed a bill repealing House Bill 2 known as the “bathroom bill. It has had a presence in North Carolina since 2005.

Source: CNN November 23, 2022 21:56 UTC