BUSINESS
04/21/2008 05:12 am ET | Updated May 25, 2011

Report: Credit Suisse May Announce Further Writedowns Of Up To $5 Billion

Credit Suisse could announce further writedowns of up to 5 billion Swiss francs ($4.99 billion) when it posts its first-quarter results later this month, Swiss media reported over the weekend.
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Swiss newspaper Tages-Anzeiger reported on Saturday the bank could face a first-quarter loss of up to 2 billion francs and further writedowns of around 4 billion francs, according to its own research.

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