The storm continues at Credit Suisse: it expects to lose $1.5 billion and warns of cash outflows

The presentation of its new strategic plan has not served to placate the markets and this Wednesday the Swiss bank has set new record lows on the stock market after falling 4% and is on the verge of its market capitalization losing the psychological barrier of 10,000 million Swiss francs. On October 27, Credit Suisse announced a series of measures, including…