"The question is whether the writedowns from the losses on the equity portfolio of Winterthur are enough, or if there is still more to come this year," said Michel Raemy, who helps manage about 1 billion francs at Banque Bonhote & Cie, including Credit Suisse shares.
Credit Suisse's fourth-quarter loss stemmed from expenses at Credit Suisse First Boston. The division had a US$811 million loss after it set aside US$450 million for lawsuits claiming it issued biased stock research, sought kickbacks for shares of new stock and defrauded investors of Enron Corp, the failed energy trader.
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