Credit Suisse bank records biggest quarterly loss

GMT 22:36 2014 Tuesday ,22 July

Arab Today, arab today Credit Suisse bank records biggest quarterly loss

Credit Suisse bank
Vienna - QNA

A record US tax fine has resulted in a major loss for Swiss lender Credit Suisse in the second quarter, its earnings report showed on Tuesday.
Switzerland's second biggest bank made a loss of 700 million Swiss francs (779 million dollars), the biggest since the financial crisis, Credit Suisse said in Zurich.
The bank had recorded a profit of 1.05 billion francs in the first quarter of 2014, the (dpa) reported.
The bank settled its tax row with US authorities in May, resulting in a record fine of 2.6 billion dollars and the admission that Credit Suisse had helped US citizens evade taxes.

Arab Today, arab today
Arab Today, arab today
arabtoday arabtoday arabtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabs, Arab, Arab