Credit Suisse posts massive annual loss as 'radical' restructure gets underway

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Credit Suisse posts massive annual loss as 'radical' restructure gets underway
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Credit Suisse on Thursday reported a fourth-quarter net loss of 1.4 billion Swiss francs, as it carried out its strategic overhaul.

The Credit Suisse quarterly result was worse than analyst projections of a net loss attributable to shareholders of 1.32 billion Swiss francs, and took the embattled Swiss lender's full-year loss to 7.3 billion Swiss francs.

The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021.on Thursday reported a fourth-quarter net loss of 1.4 billion Swiss francs , as it continues with its huge strategic overhaul.

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