Activist RBR says Credit Suisse results show more action needed

Activist RBR says Credit Suisse results show more action needed

The Credit Suisse stock price moved higher for much of 2017 and into January 2018, before falling in line with market volatility so far during February. Thiam said he "couldn't be more pleased" with that performance because it showed the last piece of his turnaround plan is in place.

"2017 was a crucial year of delivery in our three-year restructuring plan, after 2016, which was a year of deep and radical reorganisation and restructuring", said chief executive Tidjane Thiam (left).

Activist investor RBR Capital Advisors renewed pressure on Credit Suisse for a strategic shakeup after Switzerland's second-biggest bank reported its third consecutive annual loss on Wednesday, hit by writedowns on US deferred tax assets.

Revenue is Asia's markets unit - trading - surged 15 percent in the first six weeks of this year, while income in its overall markets arm climbed by 10 percent, the bank said.

Credit Suisse proposed a distribution of CHF0.25 per share be paid out of capital contribution reserves for the financial year 2017.

Government of Alberta sets up online petition targeting John Horgan
Last week, Notley announced Alberta would no longer import wine from British Columbia for sale in the province's retail outlets. LNG (liquefied natural gas)", Black said.

While the market swings of the past week have unnerved investors, they're generally good news for investment banks because clients transact more.

The bank's private banking arm took in 37.2 billion francs in fresh money from clients - a key indicator of future revenue.

The company warned in the prospectus that the product has "zero long-term value", he said. The bank posted a loss of 2.1 billion Swiss francs in its fourth quarter due to the writedown, better than the 2.6 billion franc loss reported this time past year.

It reported a loss of 983 million Swiss francs (851 million euros $1.05 billion) in 2017, down from 2.7 billion Swiss francs the previous year. "A year ago, the CEO said "you can see the momentum" in the markets businesses" and predicted a "very strong in the first quarter, barring unforeseeable events".

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