Credit Suisse announces biggest ever annual loss

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Credit Suisse announces biggest ever annual loss

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02-11-2009, 02:30 PM

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Credit Suisse announces biggest ever annual loss

Credit Suisse, which is Switzerland’s second-largest bank, has reported its biggest annual loss ever of SwFr8.2 billion (£5 billion) - the majority of which (SwFr6 billion) came during the October to December period in 2008. Chief Executive, Brady Dougan, described the results as ‘clearly disappointing’ but added that they had started 2009 with a very strong [...]

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