Tag: Credit Suisse

Credit Suisse suffers $1 billion loss in 2017
Global

Credit Suisse suffers $1 billion loss in 2017

Swiss investment banking and lending giant, Credit Suisse said it made a net loss of CHF983 million for the full year 2017. This is approximately $1 billion on a real-time exchange rate basis. While the bottom line was negative, Credit Suisse said its pre-tax income was up by CHF 4 […]

Credit Suisse to pay USD79.5 million for MassMutual’s MBS losses
Global

Credit Suisse to pay USD79.5 million for MassMutual’s MBS losses

Swiss investment banking major, Credit Suisse has just disclosed that it will pay mortgage-backed securities about 79.5 million to Massachusetts Mutual Life Insurance to settle the latter’s losses from residential mortgage-backed securities. Credit Swiss said the settlement will be taken from its third quarter earnings. “The agreement with MassMutual settles claims pending in […]