Investment bank loss mars Credit Suisse results

Sturdier results: A file picture showing the headquarters of Credit Suisse in Zurich. Overall, results for the year were the best since Thiam took over in 2015. — Reuters

ZURICH: Tidjane Thiam’s saw his final set of results as chief executive officer of Credit Suisse Group AG marred by an unexpected loss at the investment bank and lower than expected earnings at the trading unit, dragging down gains at other key businesses.

The bank had a pre-tax loss of about 60 million francs at the investment bank last quarter, compared with company-compiled estimates for a slight profit.