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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There are a number of important questions stemming from this series of events.
Thoughts on the ISM, trade, Friday's key job report and how to play it all.
it seems that consensus is to interpret anything that can be viewed as bad, as actually bad, and anything that could be good, as an aberration that will soon become bad.
GDP and corporate earnings trends are not favorable and increasingly indicate slowing economies here and abroad.
Manpower Group is seeing significant un-reflected value from past performance, glowing future prospects for the coming three to five years, and a future currency-related rise due to an eventual weakening of the dollar.