Credit Suisse to cut 5,500 jobs in 2017 after $2.4 billion full-year loss

Feb 14, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

ZURICH (Reuters) – Credit Suisse posted a 2.44 billion Swiss franc ($2.43 billion) net loss for 2016, its second straight year in the red, keeping pressure on Chief Executive Tidjane Thiam to deliver on his turnaround plan for Switzerland’s second-biggest bank.