Credit Suisse Bank Losses Deepen, Threatening Overhaul: WSJ

Credit Suisse Group AG reported a fifth consecutive quarterly loss and said rich customers withdrew around $100 billion in the fourth quarter, signs that the beleaguered lender has yet to turn the corner. The Swiss bank is trying to recover from scandals and financial losses with a sweeping overhaul. It wants to focus on wealth management and is breaking up its investment bank.

Generated by Feedzy