Todor Kostov's avatar
$6.7m follower assets
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."

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Source: Reuters

Benjamin Tan's avatar
Geez - when i joined Credit Suisse First Boston, share price was around CHF 70! Compared to their American counterparts, CS has diminished every way in the last decade plus
Todor Kostov's avatar
@consumeowntech Inversely 'creating' shareholder's value ...