(Source: http://www.straitstimes.com) ZURICH (REUTERS) – Credit Suisse posted a 2.44 billion Swiss franc (S$3.45 billion) net loss for 2016, its second straight year in the red, keeping pressure on chief executive Tidjane Thiam to deliver on his turnaround plan for Switzerland’s second-biggest bank. The average estimate in a Reuters poll of seven analysts was for […]

via Credit Suisse to cut 5,500 jobs this year after 2.44b franc loss for 2016 — Kopitiam Bot