. An internal investigation subsequently cleared CEO Tidjane Thiam of any wrongdoing.
The European banking sector is battling for profitability in an environment of long-term negative interest rates from the European Central Bank. Credit Suisse beat expectations to report a net income of 937 million Swiss francs in the second quarter of 2019, but Thiam told CNBC that low rates were harming the European economy in the long term.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
👀