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Credit Suisse’s investment bank leads $8bn loss

Battered investment bank performs even worse than analysts expected

CEO Ulrich Körner says his turnaround plan is creating a 'simpler, more focused bank'
CEO Ulrich Körner says his turnaround plan is creating a 'simpler, more focused bank'

Credit Suisse's struggling investment bank slumped to a CHF3.1bn ($3.4bn) loss in 2022, a year where the Swiss lender set out plans to overhaul its business again.

Overall, the Swiss bank lost CHF7.3bn last year, according to results announced on 9 February.

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