Credit Suisse logs worst annual loss since global financial crisis

ZURICH – Credit Suisse Group on Thursday reported its worst annual loss since the 2008 global financial crisis, battered by scandals and heavy losses that led to unprecedented customer withdrawals. Switzerland’s second biggest bank posted a net loss in the fourth quarter of 1.39 billion Swiss francs ($1.51 billion), in line with an analyst consensus … Continue reading Credit Suisse logs worst annual loss since global financial crisis