News ID: 325555
Published: 0211 GMT November 23, 2022

Credit Suisse expects Q4 pre-tax loss of $1.6b

Credit Suisse expects Q4 pre-tax loss of $1.6b
REUTERS

AFP - Credit Suisse predicted a surprise fourth-quarter pre-tax loss of up to $1.6b as the beleaguered bank undertakes a radical overhaul, sending stocks tumbling again on Wednesday.

Shaken by repeated scandals, Switzerland's second-biggest bank unveiled a rejig in late October but accepted its accounts would take a hit of up to 1.5b Swiss francs ($1.6b) in the final three months of the year.

 

 

   
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