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Credit Suisse’s battles: Revenue fall, silence on Greensill report and sluggish turnaround
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After a profit warning only last month, Credit Suisse's full-year results on 10 February should have been boring. Instead, the beleaguered Swiss bank had more bad news.
There were the pre-announced hits in the fourth quarter: a goodwill write-down of CHF1.6bn, equivalent to $1.73bn, mostly on the acquisition of US brokerage Donaldson, Lufkin & Jenrette way back in 2000, and CHF436m in litigation costs related to a host of historical matters.
But...
Read more on fnlondon.comAbout this in other media
Switzerland at risk of EU blacklist after Credit Suisse leak theguardian.com /2 years ago
The Credit Suisse leaks expose an industry that has got away with too much for too long theguardian.com /2 years ago
Crooks, kleptocrats and crises: a timeline of Credit Suisse scandals theguardian.com /2 years ago
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