News Desk — February 14, 2018 at 8:01 am — Updated: February 14, 2018 at 8:01 am

Credit Suisse posts third straight annual loss on U.S. tax writedown

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ZURICH (Reuters) – Credit Suisse on Wednesday posted a smaller-than-expected 2017 loss of 983 million Swiss francs (£755 million) as a 2.3 billion franc writedown triggered by U.S. tax reform kept the bank from its first year in the black since CEO Tidjane Thiam launched a turnaround plan in 2015.

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