Credit Suisse ends rocky year with $2.9 b Q4 loss as legal costs bite

February 10, 2022 2:19 PM

ZURICH (REUTERS) – Credit Suisse on Thursday (Feb 10) posted a fourth-quarter net loss of 2.007 billion Swiss francs (S$2.9 billion), hurt by provisions to settle its investment bank’s legal costs and a slowdown in business for its trading and wealth management divisions.

Source : https://www.straitstimes.com/business/banking/credit-suisse-ends-rocky-year-with-29-b-q4-loss-as-legal-costs-bite