04.02.2016 - Credit Suisse's revenue fell by more than a third

Credit Suisse reported a significant loss for the 4th quarter of last year. Swiss bank wrote down the cost of acquisition of troubled US assets and stated about restructuring that will helpto reduce dependence on investment banking. As a result, the net loss for the period totaled 5.83 billion Swiss francs against a profit of 691 million Swiss francs in the same period in 2014. Net sales decreased by 34% to 4.2 billion francs. The bank also announced plans to cut 4,000 jobs. We forecast a drop in the bank's quotation in the near future by 20-25%.

Credit Suisse Shop

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.