Preliminary net result attributable to shareholders was a loss CHF2.35bn for Q4 16 compared to a loss of CHF5.83bn for Q4 15. The preliminary net loss attributable to shareholders was CHF2.44n for FY2016 compared to a loss of CHF2.94bn for FY2015. FY2016 was burdened by litigation costs of CHF2.4bn mainly due to the DoJ case settlement (RMBS) and FY2015 suffered on an goodwill impairment of CHF3.8bn. Net revenues were down by 15% to CHF20.3bn for 2016 compared to 2015. Total operating expense
14 Feb 2017
Again, disastrous Q4 16 results, as expected, due to litigation charges
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Again, disastrous Q4 16 results, as expected, due to litigation charges
- Published:
14 Feb 2017 -
Author:
Dieter Hein -
Pages:
2
Preliminary net result attributable to shareholders was a loss CHF2.35bn for Q4 16 compared to a loss of CHF5.83bn for Q4 15. The preliminary net loss attributable to shareholders was CHF2.44n for FY2016 compared to a loss of CHF2.94bn for FY2015. FY2016 was burdened by litigation costs of CHF2.4bn mainly due to the DoJ case settlement (RMBS) and FY2015 suffered on an goodwill impairment of CHF3.8bn. Net revenues were down by 15% to CHF20.3bn for 2016 compared to 2015. Total operating expense