A $5.3 billion settlement with the U.S. Justice Department unsurprisingly dinged Credit Suisse's (CS) fourth quarter results. "Our teams have worked hard and made good progress during a challenging year: they achieved a positive finish to the year. Many of the positive trends that we observed in 4Q16 have continued into January 2017," CEO Tidjane Thiam said on Tuesday. The bank's common equity tier one ratio stood at 11.6%. For 2016, Credit Suisse posted a loss of Sfr2.4 billion. TheStreet's Scott Gamm speaks with TheStreet's banking editor James Langford.
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