Credit Suisse Plunges To 25 Year Lows After Posting Enormous $5.8 Billion Q4 Loss
![Credit Suisse Plunges To 25 Year Lows After Posting Enormous $5.8 Billion Q4 Loss Credit Suisse Plunges To 25 Year Lows After Posting Enormous $5.8 Billion Q4 Loss](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/d3d6919a916327c1449394ff37985f9a-600x336.png?itok=xQOgEajK)
Seven days ago, Deutsche Bank turned in what various sellside desks described as “horrible”, “grim” results for both Q4 and 2015 as a whole.
The bank posted its first annual net loss since the financial crisis, reporting red ink that totaled more than $7 billion as investment banking revenue fell plunged by some 30%.
On Thursday, we learn that Credit Suisse lost nearly $6 billion in the fourth quarter. The 2015 net loss came to nearly $3 billion.