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

stumble digg reddit del.ico.us news trust

Boston Globe   |   April 13, 2008 12:10 PM

Read More: Credit Suisse, Credit Suisse Crisis, Credit Suisse Write Downs, Financial Crisis, Subprime Crisis, Swiss Bank, Breaking Business News
Show your support.
Buzz this article up.

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.
more stories like this

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.

Read the whole story here.

 
 

Comments
3
Pending Comments
0

Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to

View Comments:
- FreedomCorpse See Profile I'm a Fan of FreedomCorpse

Surprise. No. More to come...yes lots.

    Favorite    Flag as abusive Posted 09:29 PM on 04/13/2008
- WIpatriot See Profile I'm a Fan of WIpatriot

...and the hits just keep on coming....

    Favorite    Flag as abusive Posted 06:34 PM on 04/13/2008
- pbfishtaco See Profile I'm a Fan of pbfishtaco

WRITEDOWN What a great euphemism for "lost our asses".

Here's a couple of my favorites:

"Enhanced interrogation techniques"
"misrepresented"
How 'bout some others??

    Favorite    Flag as abusive Posted 05:26 PM on 04/13/2008
Comments are closed for this entry

You must be logged in to reply to this comment. Log in

 
 

Stock Quote

Enter a ticker symbol below:

Data provided by AOL



Related Tags
Credit Suisse, Credit Suisse Crisis, Credit Suisse Write Downs, Financial Crisis, Subprime Crisis, Swiss Bank
 

 Site  Web ask.com