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DealBook: Credit Suisse Reports First Quarterly Loss in Three Years
DealBook: Credit Suisse Reports First Quarterly Loss in Three Years
2/9/2012
The Swiss bank reported a net loss of $698 million in the fourth quarter of 2011 after costs increased to fix its investment banking operation.
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DealBook: Credit Suisse Reports First Quarterly Loss in Three Years
The Swiss bank reported a net loss of $698 million in the fourth quarter of last year after costs to fix its investment banking operation ballooned.
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DealBook: Credit Suisse Reports First Quarterly Loss in 3 Years
The Swiss bank posted a net loss of $698 million in the fourth quarter, as its core businesses experienced a slowdown in a weak economic environment.
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DealBook: Credit Suisse Swings to Loss in Fourth Quarter
Weakness in its core investment banking business caused the Swiss bank to report its first quarterly loss in three years, despite beginning a cost-cutting effort last year.
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