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Credit Suisse: red from 2,9 billion francs in 2015

The bank's accounts are weighed down by the 3,79 billion goodwill write-down decided last October – Among the group's expenses also 355 million for restructuring costs and 820 million earmarked for disputes – The stock on the stock market collapses.

Credit Suisse: red from 2,9 billion francs in 2015

Goes on file 2015 of Credit Suisse, which closed with a net loss of 2,94 billion Swiss francs and a pre-tax loss of 2,42 billion. The accounts of the Swiss institute are weighed down by a write-down of goodwill of 3,79 billion in the fourth quarter established on the occasion of the maxi capital increase of over 6 billion francs decided last October, on the occasion of the launch of the new strategic plan.

But several factors also contribute to the red line recorded by Credit Suisse: the 355 million euro of restructuring costs that emerged in the fourth quarter due to the new strategic plan and the over 820 million allocated for disputes. Despite the negative balance sheet result, the bank has proposed the distribution of a coupon of 0,7 Swiss francs.

A coupon that failed, however, to raise the spirits of investors around the bank's shares: Credit Suisse, in fact, after the publication of the financial statements, dropped more than 12% on the Stock Exchange in mid-morning. 

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