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Credit Suisse sees no Q1 profit in bad markets »

Posted By MyWayOnNow 6 months, 3 weeks ago in Business & Finance
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Credit Suisse warned it was unlikely to be profitable in the first quarter due to big debt writedowns and tough markets but said the shock trading hit announced in February was not as bad as previously thought.

Read Full Story at reuters.com »

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    MyWayOnNow6 months, 3 weeks ago

    "In light of the difficult market conditions in March, at this time, Credit Suisse believes it is unlikely to be profitable in the first quarter," the bank said in a statement.

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      marshx6 months, 3 weeks ago

      well, very few banks make a profit these days.

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