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Empresas y finanzas

C.Suisse posts $5.2 billion Q4 net loss


    ZURICH (Reuters) - Credit Suisse posted a fourth quarter net loss of 6.0 billion Swiss francs ($5.2 billion), bringing it to its biggest annual loss ever, due to poor trading performance and restructuring charges.

    But the Swiss bank said it had a made a "strong start" in 2009 and was profitable across all divisions year to date.

    Switzerland's second-largest bank said on Wednesday that its net loss for the full year was 8.2 billion francs.

    Analysts polled by Reuters had expected the bank to turn in a 4 billion franc net loss for the quarter and a 6.3 billion franc net loss for 2008. Swiss newspapers had said Credit Suisse's annual loss could be as high as 8 billion francs.

    Credit Suisse's results come one day after Swiss competitor UBS announced a full-year net loss of nearly 20 billion francs, the biggest loss in Swiss corporate history.

    Credit Suisse said on December 4 it would slash 5,300 jobs as it had made a net loss of about 3 billion francs in October and November.

    (Reporting by Lisa Jucca; editing by Karen Foster)

    ($1=1.161 Swiss Franc)