Credit Suisse Reports $2.2 Billion Loss From Charges, Lower Revenue

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Credit Suisse Reports $2.2 Billion Loss From Charges, Lower Revenue
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Credit Suisse reported a worse-than-expected fourth-quarter loss from fallen revenue and said 2022 will be a year of transition after punishing hits to its balance sheet and reputation

Credit Suisse Group AG reported a worse-than-expected fourth-quarter loss from fallen revenue and said 2022 will be a year of transition after punishing hits to its balance sheet and reputation.

The bank posted a net loss of 2 billion Swiss francs, equivalent to $2.16 billion, for the three months ending December. It had warnedTo Read the Full Story

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