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Credit Suisse writes down nearly $3bn

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  • #1

    Credit Suisse writes down nearly $3bn

    Swiss bank today warned its first quarter net income would be cut by around $1bn (£512m) after being forced to write down $2.85bn of asset-backed positions within its investment banking division

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  • #2
    Credit Suisse Suspends Traders After £1.5bn Writedown

    Credit Suisse says it has suspended "a handful" of traders in connection with the over-valuation of assets by £1.5bn.

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    • #3
      Credit Suisse Suspends Traders After £1.5bn Writedown

      Credit Suisse has come under fire from analysts and investors after revealing it had suspended some of its traders for overvaluing assets by up to £1.5bn.

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