Credit Suisse reports Q3 loss of 4 billion Swiss francs

Credit Suisse posted a disastrous loss of CHF 4 bn in its Q3 results, hugely below the average estimate of CHF 413m. The disappointing results come as the bank is preparing a sweeping restructuring overhaul and is said to be in advanced talks with a group including heavyweights Apollo and Pimco, who are interested in buying the bank’s securitised products business. Norbert Rücker, Head of Macro & Next Generation Research, gives an update on energy, and Nicolas Jordan, CIO Strategy and Investment Analysis, provides an update from Julius Baer’s Investment Committee.00:09 Introduction and markets wrap-up by Jonti Warris (Investment Writing)04:00 Energy update by Norbert Rücker (Head of Macro and Next Generation Research)06:25 Latest CIO views by Nicolas Jordan (CIO Strategy & Investment Analysis)09:11 Closing remarks by Jonti Warris (Investment Writing)