Credit Suisse Plunges To 25 Year Lows After Posting Enormous $5.8 Billion Q4 Loss
February 04, 2016 at 09:01 AM EST
The CHF5.8 billion was far worse than most anticipated. Even excluding the goodwill write-down, as well as significant litigation and restructuring charges, the underlying pre-tax loss was “far worse” than consensus.