Credit Suisse posts third straight annual loss on U.S. tax writedown

ZURICH (Reuters) - Credit Suisse on Wednesday posted a smaller-than-expected 2017 loss of 983 million Swiss francs ($1.05 billion) as a 2.3 billion franc writedown triggered by U.S. tax reform kept the bank from its first year in the black since CEO Tidjane Thiam launched a turnaround plan in 2015. Analysts had expected Switzerland’s second-biggest bank to post a 1.1 billion Swiss franc loss be...