The reported net loss included an impairment of deferred tax assets related to Credit Suisse’s strategic review of CHF 3.7 billon.
Credit Suisse loss
Credit Suisse posted net loss of CHF 252 million, including a pre-tax charge of CHF 4.4 billion relating to the US-based hedge fund matter.
Credit Suisse forecasts a pre-tax loss for 1Q 2021 of CHF 900 million, including a charge of CHF 4.4 billion due to the failure by a US-based hedge fund.
Credit Suisse posted pre-tax loss of CHF 88 million, and its net loss attributable to shareholders was CHF 353 million in Q4 2020.