Credit Suisse Q4 outlook worsens with $1.6bn losses projected

Eve Maddock-Jones
clock • 1 min read

Credit Suisse has updated its Q4 2022 outlook with further expected losses of pre-tax of SFr1.5bn ($1.6bn). In a note published today (23 November) the bank said its outlook has been dampened by a "substantial industry-wide slowdown" in capital markets, which had contributed to net asset outflows of 6% in Q3. The bank also said its wealth management sector was now expected to post a loss after net interest income took a knock from lower deposits and fees. Stock Spotlight: Can Credit Suisse sail through scandal? It said the wealth management outflows have "reduced substantially" ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?