Investment Banking

Ghost of takeovers past returns to haunt Credit Suisse

Credit Suisse is the only big European bank so far to match Wall Street rivals' surging M&A revenues in the final three months of 2015.

Ghost of takeovers past returns to haunt Credit Suisse
Photo: iStockPhoto

Credit Suisse is the only big European bank so far to match Wall Street rivals' surging M&A revenues in the final three months of 2015.

But steep declines elsewhere at its newly-restructured investment bank, plus a hefty impairment charge on a 15 year-old acquisition, meant the unit ended the year as it began it - with a quarterly loss.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

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