Credit Suisse profits rise despite euro zone difficulties

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Credit Suisse profits rise despite euro zone difficulties

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07-22-2010, 10:24 AM

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Credit Suisse profits rise despite euro zone difficulties

Credit Suisse, which is Switzerland’s second-largest bank, has today exceeded expectations by reporting second quarter profits of SwFr1.6 billion (£1 billion).Compared to the same three-month period a year ago, earnings were 1% higher but were down 22% when compared with the first quarter of the year.The rise in profits came despite a 32% drop in [...]

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