Credit Suisse's Response To Federal Scrutiny: One Of Several Negative Signs For Investors
- Credit Suisse has been singled out by the Fed for its apparent cavalier attitude and response to its concerns over its loan practices.
- This follows on the heels of additional infractions by Credit Suisse, including a landmark $2.5 billion tax evasion case earlier in 2014.
- Credit Suisse stock is off over 12%, and is trading lower than several of its peers.
- With a negative reversal of net income, Credit Suisse does not look like an appealing international banking pick in 2014.