Shares of Credit Suisse Group AG were losing around 14 percent in the morning trading in Switzerland as well as 11 percent in pre-market activity on the NYSE, after the Swiss banking major reported Thursday a hefty loss in its third quarter, compared to prior year's profit, mainly hurt by weaker performance for Investment Bank. The company also projects a net loss for the Group in the fourth quarter.
The company further announced that from today, it is taking a series of decisive actions to re-focus. The new, integrated model will be focused on Wealth Management, the Swiss Bank, as well as Asset Management, and the company will radically restructure the Investment Bank, strengthen capital, and accelerate cost transformation.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.