Credit Suisse posted a 69% rise in annual net profit on Thursday in a bitterswee...
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann/File Photo
Thiam quit after a spying scandal at the bank sparked a boardroom revolt and will leave formally on Friday. He will be replaced by company veteran Thomas Gottstein.Net income rose to 3.419 billion Swiss francs for the year. Analysts had on average expected Credit Suisse to generate 3.5 billion francs, according to a consensus of 13 analysts compiled by the bank.
But his legacy will be defined by the spying controversy which saw Credit Suisse, one of the most high-profile names in European banking, admit to snooping on two former executives. The bank blamed the espionage on a rogue operation run by one of Thiam’s closest lieutenants. Credit Suisse and Thiam have said the CEO knew nothing of the activities.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Credit Suisse earnings: Full-year net profit comes in at 3.4 billion Swiss francs, vs 3.2 billion Swiss francs expectedCredit Suisse reported a net income of 3.4 billion Swiss francs for 2019 on Thursday , slightly above market expectations.
Les mer »
Who deserves credit for the strong economy?The booming economy may be President Trump&39;s strongest asset heading into the election. Does he deserve credit for the country&39;s success or is he coasting off of Barack Obama&39;s momentum?
Les mer »
Credit-Card Debt in U.S. Rises to Record $930 BillionTotal credit-card balances increased by $46 billion, well above the previous peak seen before the 2008 financial crisis as some younger credit-card holders run into trouble
Les mer »
This tax credit will help offset your childcare costs — if you're honest with the IRSThe cost of sending your child to daycare is like paying a second mortgage. The IRS may give you a credit to recoup some of that — if you're paying your caregiver on the books.
Les mer »
Here's how to save money on Valentine's Day with your credit cardHere's how to use your credit card to save on Valentine's Day expenses, so you can make the cost of dining out and purchasing a gift more affordable.
Les mer »
The best Delta credit cards to open in 2020 - Business InsiderUntil April 1, these cards are offering elevated welcome bonuses of up to 100,000 Delta miles
Les mer »