By Michael Shields

ZURICH (Reuters) – Credit Suisse reported its first full-year loss since 2008 after it took a big impairment charge for its investment banking business under new Chief Executive Tidjane Thiam.

Shares fell more than 9 percent in early trading to hit their lowest level since 1992 after Switzerland’s second largest bank also signaled a difficult start to the year.

“Market conditions in January 2016 have remained challenging and we expect markets to remain volatile throughout the remainder of the first quarter of 2016 as macroeconomic issues persist,” Thiam, CEO since July, said on Thursday.

In October Thiam embarked on the read more >>>

Source : BusinessInsider.Com