Credit Suisse issues fourth-quarter profit warning as legal costs rise

0 92

Credit Suisse announced that its fourth-quarter earnings are set to be negatively impacted by increased litigation provisions.

The Swiss bank said a charge of roughly 500 million Swiss francs $545 million is expected to push its earnings to breakeven.

The profit warning comes after a series of high-profile scandals that have rocked the bank in recent years.

– CNBC

Leave A Reply

Your email address will not be published.

%d bloggers like this: