Credit Suisse turnaround runs out of steam

Downtrend: Revenue and net income missed estimates in the third quarter, and the global markets business - one of the most difficult challenges of CEO Tidjane Thiam’s three-year tenure - posted an unexpected loss. — Reuters

ZURICH: Credit Suisse Group AG’s turnaround is running out of steam just as the bank enters the final stretch of its overhaul.

Revenue and net income missed estimates in the third quarter, and the global markets business – one of the most difficult challenges of chief executive officer Tidjane Thiam’s three-year tenure -- posted an unexpected loss.