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Thiam hails Credit Suisse's return to annual profit

Reuters  |  ZURICH 

By Brenna Hughes NeghaiwiZURICH (Reuters) - Credit Suisse posted its first annual profit in four years on Thursday as a long-running restructuring plan made its mark but Switzerland's second-biggest bank warned of significant uncertainty on how markets will fare in the months ahead.Calling the fourth quarter a "stress test" for the revamped group, Chief Executive Tidjane Thiam said results showed the bank was now on a sound footing to weather turbulent markets -- marked by concerns over a U.S. government shutdown, U.S.-China trade tensions and Britain's unclear exit from the European Union -- ...

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First Published: Thu, February 14 2019. 15:00 IST