Credit Suisse $CS Q4 outlook gets worse with $ 1.6bn losses projected
"Credit Suisse has updated its Q4 2022 outlook with further expected losses of pre-tax of SFr1.5bn ($ 1.6bn).
In a note published today (23 November) the bank said its outlook has been dampened by a "substantial industry-wide slowdown" in capital markets, which had contributed to net asset outflows of 6% in Q3."