BREAKING NEWS

BREAKING NEWS

Credit Suisse expects 2018 effective tax rate of 40 percent

Credit Suisse expects 2018 effective tax rate of 40 percent
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ARND WIEGMANN(Reuters)
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ZURICH (Reuters) - Credit Suisse said on Wednesday it expects an effective tax rate of roughly 40 percent on its 2018 results, up from 36.8 percent rate for the first nine months of the year.

The bank said the figure included an "adverse impact" of approximately 2 percent from its assessment of new U.S. regulations to tackle base erosion on taxes.

(Reporting by John Revil)

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