Credit Suisse

Credit Suisse expects a net loss in the fourth quarter after increasing its provisions for a long-running dispute in the U.S by $850 million, according to CNBC. The bank has already set aside $300 million for the decade-long dispute on U.S residential mortgage-backed security (RMBS). Credit Suisse believes it has strong grounds for appeal despite setting aside $300 million … [Read more...] about Credit Suisse Forecasts Fourth Quarter Loss on Higher Provisions