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Credit Suisse quarterly net profit jumps 45pc

Zurich | Credit Suisse has posted its highest quarterly earnings in four years,  hailing frugal cost management as paying off in a tough environment.

Switzerland's second-biggest bank raised earnings 45 per cent in the second quarter through June 30, well beyond expectations, as costs further declined half a year after the bank wrapped up its three-year overhaul.

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Reuters

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    Original URL: https://www.afr.com/companies/financial-services/credit-suisse-quarterly-net-profit-jumps-45pc-20190801-p52cqi