Credit Suisse Takes $1 Billion Hit to Cover Coronavirus Impact [MSN Money]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: MSN Money
(Bloomberg) -- Credit Suisse Group AG is taking more than $ billion in writedowns and provisions for bad loans after the coronavirus, joining U.S. banks in taking an upfront hit as the outbreak pummels economic activity across the globe.© Arnd Wiegmann / ReutersCredit Suisse headquarters in ZurichThe bank held back 568 million Swiss francs ($585 million) for credit loss, almost triple what analysts had expected, and said it may have to make further allowanc in future quarters. While trading rults and overall profit were rilit, the bank is also taking 444 million francs in writedowns.Load ErrorSwitzerland’s second-largt lder is giving a window into how European lders fared during an unprecedted and volatile quarter during which lockdowns hit corporate clits and whipsawed markets, with plty of uncertainty still remaining over the duration of the crisis and the level of governmt assistance. U.S. banks made a point of taking the pain upfront, with lders such as JPMorgan Chase & Co. and We
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WFC
Earnings
- 10/15/25 - Beat
WFC
Sec Filings
- 12/1/25 - Form 424B2
- 12/1/25 - Form 424B2
- 12/1/25 - Form 424B2
- WFC's page on the SEC website