Wealth and Asset Management
U.S. tax cut plan could push Credit Suisse to third annual loss
Switzerland’s biggest banks expect a planned U.S. corporate tax cut will cost them billions of dollars due to writedowns on deferred tax assets (DTA), setting up Credit Suisse for its third straight annual loss. Credit Suisse estimates that the proposed sharp reduction in the U.S. corporate tax rate, now moving…
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Click here to read the full story: Reuters