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Switzerland

World news about “Switzerland” published by euronews.

04/02 14:07 CET

Credit Suisse write-offs hit profit, drag down shares

Credit Suisse write-offs hit profit, drag down shares

A change of direction for Credit Suisse has meant big write-offs and a share price slump on Thursday. At one stage the shares were down 13 percent and they finished the day 10.89 percent lower. Chief executive Tidjane Thiam is focusing more on wealth management in emerging…