Nhk
2021-02-19
gg
Credit Suisse swings to fourth-quarter loss, weighed down by provisions for a U.S. legal dispute
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According to Refinitiv, analysts had forecast a net loss of 558.5 million Swiss francs for the quarter and a net income of 2.8 billion Swiss francs for the year.\nCredit Suisse ended 2020 with a net income of 2.7 billion Swiss francs.\nThomas Gottstein, chief executive officer of Credit Suisse, said a in a statement: \"Despite a challenging environment for societies and economies in 2020, we saw a strong underlying performance across Wealth Management and Investment Banking, while addressing historic issues.\"\nThe Swiss bank had notified the markets in January that it would be sinking to a higher-than-expected loss in the final quarter of 2020 after setting aside $850 million for a legal dispute over property debt in the United States.\nAt the time, Credit Suisse also announced it would start buying between 1 billion and 1.5 billion Swiss francs in shares from January 12.\nThe share price is up about 12% since the start of the year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":93,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/387038750"}
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