Credit Suisse Third Quarter Net Profit Falls 21 Percent, Sees Fourth Quarter Loss

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A Credit Suisse motion   is seen connected  the exterior of their Americas office  successful  the Manhattan borough of New York City connected  Sept. 1, 2015. (Mike Segar/Reuters)

A Credit Suisse motion is seen connected the exterior of their Americas office successful the Manhattan borough of New York City connected Sept. 1, 2015. (Mike Segar/Reuters)

ZURICH—Credit Suisse posted a 21 percent autumn successful third-quarter nett profit to 434 cardinal Swiss francs ($476 million), deed by a higher taxation complaint and a 214 cardinal Swiss franc complaint to settee allegations of corruption surrounding loans to Mozambique it helped arrange.

It said it expected an impairment successful the 4th fourth of astir 1.6 cardinal Swiss francs successful respect of the remaining concern bank-related goodwill connected its equilibrium sheet, which chiefly relates to the Donaldson, Lufkin & Jenrette acquisition successful 2000, and frankincense expected to study a nett nonaccomplishment successful the 4th quarter.

($1 = 0.9122 Swiss francs)

Reuters

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