Sunday, July 13, 2014

Credit Suisse posts 4Q net profit, in a turnaround

March 16. 2013 9:22PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle

(AP) Credit Suisse Group has posted a fourth-quarter net profit in 2012 of 397 million Swiss francs ($435 million), a turnaround from the equivalent period a year ago when it posted its first fourth-quarter net loss since 2008.

Switzerland's second-biggest bank had a net loss in the fourth quarter of 2011 of 637 million francs ($698 million).

With some 47,400 staff around the world and 924 million francs in assets, the Zurich-based bank also posted a full-year net profit of 1.483 billion francs ($1.62 billion) for 2012, down from 1.953 billion francs in 2011.

CEO Brady W. Dougan said in a statement Thursday before the opening of the Zurich exchange that the results reflected a year of transition.

Associated Press

comments powered by Disqus Commenting Guidelines
Mortgage Minute

Search for New & Used Cars

Used New All

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals

Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds