UPDATE 2-Credit Suisse's problems mount as lender warns on Q4 profit

Yahoo! Finance Jan 25, 2022 01:23 AM ET

Credit Suisse warned on Tuesday that it was likely to make a net loss in the fourth quarter as the scandal-hit lender flagged fresh legal costs and said business in its trading and wealth management divisions had slowed. "Profit for the fourth quarter 2021 will be negatively impacted by litigation provisions of approximately 500 million Swiss francs, partly offset by gains on real estate sales of 225 million Swiss francs," the embattled lender said in a statement, adding the legal hits primaril...