View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
December 4, 2008

Credit Suisse sees SwFr 3bn 3Q loss

By Spear's

For the year to end-November, Credit Suisseannounced a fourth quarter net loss of SwFr 3 billion, following a SwFr 1.3 billion loss in the third quarter.

For the year to end-November, Credit Suisseannounced a fourth quarter net loss of SwFr 3 billion, following a SwFr 1.3 billion loss in the third quarter. The bank said it had registered a modest profit in the month of November itself, and solid asset inflows in private banking.

The group said in a statement today it would continue to invest in the growth of its private banking business globally and in its home market, and had exceeded its initial hiring target for the year.

The bank also announced further efficiency measures, and an accelerated restructuring plan with a SwFr 2 billion cost reduction programme for 2009, including a headcount reduction of 5,300, two-thirds of which in its investment banking

For further details visit thewealthnet

Content from our partners
Why investors should consider investing in nature
HSBC Global Private Banking: Revisiting your wealth plan as uncertainty abounds
Proposed non-dom changes put HNW global mobility in the spotlight

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network