Wednesday February 11, 06:19 AM
Credit Suisse posts full year loss of 8.2 billion francs
GENEVA, (AFP) - Swiss banking giant Credit Suisse on Wednesday posted a full-year loss of 8.2 billion francs (7.07 billion dollars, 5.49 billion euros) for 2008, with most of the losses incurred in the last three months of the year.
Switzerland's second biggest bank, which has suffered damages in the financial turmoil, said it lost 6.0 billion francs in the last quarter alone, but it added that it had made a "strong start to 2009."
Chief executive Brady Dougan said: "We have had a strong start to 2009 and were profitable across all divisions year to date."
The bank (NASDAQ: TBHS - news) has also positioned its businesses to be "less susceptible" to any persisting adverse market trends, he added.
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