Chief executive Tidjane Thiam under pressure after results send shares tumbling to lowest level since 1992Credit Suisse has reported its first full-year loss since 2008 after booking a expansive impairment charge at its investment banking business, sending the share price tumbling and piling pressure on chief executive Tidjane Thiam. Shares fell more than 12% on Thursday to their lowest level since 1992 after Switzerland’s moment largest bank signalled a difficult beginning to the year. Its stock price is now down 32% since the start of 2016.
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Source: theguardian.com