Credit Suisse slashes costs to boost earnings October 24, 2013 CREDIT Suisse will slash spending on its interest trading arm, the investment bank said yesterday, as revenues at the unit fell in the third quarter. The Swiss bank saw profits jump sharply in the quarter, but the gains came from cost cutting rather than improved revenues. Net income rose to SFr454m (£314.5m), up 79 per [...]
Investment arm leads profits up at Credit Suisse July 25, 2013 WEALTH management profits have slipped at Credit Suisse, but a revival in investment banking revenues saw group profits jump in the second quarter, the bank said yesterday. Group profits rose 33 per cent on the year to SFr1.05bn (£734m), lifting return on equity from 9.2 per cent to 10.1 per cent. Switzerland’s famed financial privacy [...]
Suisse is on a roll November 3, 2005 After suffering more than most when the dotcom bubble burst in 2000, Credit Suisse has pulled itself back into profitability, says Laurie Laird Just five years after the financial world was shaken by the collapse of the dotcom bubble, Credit Suisse First Boston (CSFB) has hauled itself back to profitability and respectability. Net income jumped [...]
Boomtime for Credit Suisse November 3, 2005 Credit Suisse became the latest big bank to report soaring profits on the back of stronger financial markets. The Swiss bank reported a 42 per cent rise in third quarter profits to Sfr1.92bn (£846m) thanks to growth across its investment banking, private banking and asset management divisions. Oswald Grübel, chief executive, called the results “satisfactory”. [...]