The latest-quarter results included income tax expenses of CHF2.23 billion, mainly reflecting the re-assessment of deferred tax assets with an associated tax charge of CHF2.3 billion, primarily resulting from the recent reduction in the United States federal corporate tax rate.
"2017 was a crucial year of delivery in our three-year restructuring plan, after 2016, which was a year of deep and radical reorganisation and restructuring", said Credit Suisse CEO, Tidjane, Thiam. The bank posted a loss of 2.1 billion Swiss francs in its fourth quarter due to the writedown, better than the 2.6 billion franc loss reported this time a year ago.
Credit Suisse is getting its house in order.
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The US is not expected to make a direct government contribution at the conference, however. Araji said investors in Iraq will find "high risks, but high returns".
And, while revenues grew, Credit Suisse also reduced costs by 6% between 2017 and 2016.
Credit Suisse's 2017 loss came on the back of a 2.3 billion franc writedown triggered by US tax reform.
The bank made an annual return on regulatory capital of 3.9 percent. This unit saw an increase of 13 percent year-on-year for its assets under management.
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She sent a picture of the flowers from the website to her friend in Florida so she would know what to expect. "We have piles more flowers come in than we would on an average day", designer Dawn Hirst said.
"Credit Suisse has been responding to requests from certain governmental and regulatory authorities ... regarding Credit Suisse's hiring practices in the Asia-Pacific region and, in particular, whether Credit Suisse hired referrals from government agencies and other state-owned entities in exchange for investment banking business and/or regulatory approvals, in potential violation of the US Foreign Corrupt Practices Act and related civil statutes", the bank said when reporting its full-year results for 2017.
However, 2018 could be the turning point. "We should generate 4 to 5 billion (francs) of surplus in (2018) which can then be distributed".
Credit Suisse, which last week shuttered an obscure anti-volatility product after it incurred massive losses for clients, said trading had surged amid the market ructions in recent weeks.
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The G63 has been equipped with the tuner's 4.0-liter twin-turbocharged V-8, the same engine fitted to the regular G-Class. AMG also tweaked the front and rear suspension to help improve the SUV's overall drivability both on and off the road.
The bank said that veteran Richard Thornburgh, a former CSFB investment banker, would not stand for reelection to the board this spring. "Now it is up to Credit Suisse to show alternatives", RBR said in a statement.