Credit Suisse Group issued a stark warning that it expects to earn less from investment banking this year and said that further job cuts loom as it reported full-year results.
"Credit Suisse Group remains cautious in its outlook for 2002 and expects revenue levels at Credit Suisse First Boston to be lower than in 2001," the Swiss banking group said as it confirmed that CSFB lost $961m (€1.1bn) in 2001.
