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Credit Suisse Posts Strong Profit on Gains in Wealth Management Business

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Credit Suisse reported its highest annual profit in nine years as it seeks to move on from a spying scandal that led to the resignation of its chief executive last week

Credit Suisse Group AG reported its highest annual profit in nine years as it seeks to move on from a spying scandal that led to the resignation of its chief executive last week, with gains in its wealth management and markets businesses offsetting a decline in corporate advisory revenue.

The bank said net profit more than doubled in the fourth quarter to 852 million Swiss francs compared with 259 million francs a year earlier, helping to boost full-year net profit to 3.4 billion francs. Revenue across the...

 

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Credit Suisse earnings: Full-year net profit comes in at 3.4 billion Swiss francs, vs 3.2 billion Swiss francs expectedCredit Suisse reported a net income of 3.4 billion Swiss francs for 2019 on Thursday , slightly above market expectations.
Source: CNBC - 🏆 12. / 72 Read more »