Credit Suisse reports fourth-quarter loss on legal and impairment charges
Switzerland's second-largest lender booked Sf757m in legal charges
18 February 2021 - 20:15
Zurich — Credit Suisse on Thursday said it plans to raise lending volumes and capitalise on a boom in share listings to shore up revenue, after low interest rates and legal charges tipped the bank into the red in the fourth quarter.
Switzerland's second-largest lender posted a Sf353m ($392.8m) net loss for the last quarter after booking Sf757m in legal charges, beating analysts' forecasts for a Sf566m loss but leaving annual profit down 22%...
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