Credit Suisse shares plunged nearly 15 percent on Thursday as the Swiss banking giant posted its biggest annual loss since the 2008 financial crisis -- and warned it expects to stay in the red in 2023.
Switzerland's second-biggest bank, which unveiled a dramatic restructuring plan in October, reported a net loss of 7.3 billion Swiss francs ($7.9 billion) for 2022.
It was the worst yearly set of results for the scandal plagued Zurich-based lender since it shed more than eight billion Swiss francs during the global financial crisis 15 years ago.