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2021-02-23

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2021-02-19

Hmm

Credit Suisse swings to fourth-quarter loss, weighed down by provisions for a U.S. legal dispute

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float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCredit Suisse swings to fourth-quarter loss, weighed down by provisions for a U.S. legal dispute\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 14:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/credit-suisse-earnings-q4-2021-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —Credit Suisse reported Thursday a net loss of 353 million Swiss francs ($392.8 million)for the fourth quarter of 2020 on the back of higher provisions.\nThe net loss was better than analysts ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/credit-suisse-earnings-q4-2021-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/02/18/credit-suisse-earnings-q4-2021-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1112965907","content_text":"LONDON —Credit Suisse reported Thursday a net loss of 353 million Swiss francs ($392.8 million)for the fourth quarter of 2020 on the back of higher provisions.\nThe net loss was better than analysts had expected. 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":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}