Credit Suisse outflows soared to CHF61.2 billion in first quarter


Credit Suisse Group AG swung to a net profit on Monday, overturning five consecutive straight quarterly losses, reflecting the write-down of billions in AT1 capital notes relating to its takeover by UBS Group AG.

The Swiss lender said its made 12.43 billion Swiss francs in quarterly income ($13.93 billion), compared with a loss of CHF273 million in the same period of 2022, on revenue that more than tripled to CHF18.47 billion.


This article was originally published by Read the original article here.

Previous articleDow Jones Newswires: BOJ will continue monetary easing for now, Ueda says, as inflation to slow soon
Next articleDow Jones Newswires: Philips posts wider loss after booking provision, says ‘uncertainties’ remain


Please enter your comment!
Please enter your name here