Credit Suisse reports loss for the first quarter

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Source: Bloomberg
Credit Suisse Group AG posted its first loss in quarterly profit in three years. The net income tumbled to CHF 44 million (USD 48 million) compared to CHF 1.14 billion in similar period previous year, said Credit Suisse on Wednesday. Economists questioned by Bloomberg predicted a loss of around CHF 297.9 million. Credit Suisse scaled down its investment division in 2011. Bank's stocks have gained 6.7% this year. 
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Wed, 25 Apr 2012 07:47:30 GMT

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