Feb
04
Credit Suisse’s Painful Turnaround Is Falling Short
ByCredit Suisse’s turnaround is proving more painful than it could have been.
The Swiss bank’s fourth-quarter results were riddled with the kind of exceptional items and restructuring costs that were par for the course for a European investment bank rethinking its strategy. But even after stripping these out, and ignoring the bits that Credit Suisse is winding down, the bank would have failed to turn a profit…
Credit Suisse’s Painful Turnaround Is Falling Short
