Inbox Robot: Swiss Reinsurance News (Free subscription) | yesterday
CREDIT Suisse Group AG reported the smallest writedowns on and said earnings dropped 62pc, less than analysts estimated, as the securities unit returned to profit ...
Globe and Mail (Free subscription) | yesterday
Swiss banking giant Credit Suisse Group returned to the black for the second quarter as it posted a marked recovery from losses sustained due to the U.S. subprime crisis. Switzerland's second-biggest bank posted a profit of 1.215 billion Swiss francs ($1.189-billion) for the quarter and ''immaterial'' asset writedowns of 22 million Swiss francs. The results marked a sharp turnaround from a first-quarter...
Law Blog - WSJ.com (Free subscription) | 07/24/2008
Credit Suisse reported solid second-quarter earnings, with investment and private banking both contributing to the bank's return to profit after a loss in the first quarter.
The Independent (Free subscription) | yesterday
Credit Suisse posted a smaller-than-expected fall in second-quarter profits yesterday as Switzerland's second-biggest bank attracted more cash from the world's wealthy.The bank's net income fell 62 per cent to SFr1.2bn (£582m) but lighter asset write-downs than expected helped it beat forecasts easily. The numbers followed better-than-expected results from US banks, boosting hopes that the...
Free Internet Press (Free subscription) | 07/24/2008
Credit Suisse posted a smaller-than-expected fall in second-quarter earnings on Thursday as it managed more cash for the world�s wealthy and its investment banking unit returned to profit. The Swiss bank�s earnings easily beat analysts� forecasts, despite falling 62 percent to 1.2 billion Swiss francs ($1.16 billion), because of smaller asset write-downs than expected and as its investment...
New York Times (Free subscription) | 07/24/2008
Credit Suisse posted a smaller-than-expected fall in second-quarter earnings as it managed more cash for the world’s wealthy and its investment banking unit returned to profit.
CNN (Free subscription) | 07/24/2008
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Market Watch (Free subscription) | 07/24/2008
Credit Suisse posts a 62% drop in net profit for the second quarter, but the results far exceed market expectations thanks to a strong flow of funds into its wealth-management business as well as negligible new write-downs.
New York Times (Free subscription) | 07/24/2008
Credit Suisse posted a smaller-than-expected fall in second-quarter earnings on Thursday, sending its shares sharply higher in Zurich and giving some investors new hope that the turmoil in the financial sector was showing signs of easing. The Swiss bank’s earnings easily beat analysts’ forecasts, despite falling 62 percent to 1.2 billion Swiss francs ($1.16 billion), because [...].
Independent.ie - European RSS Feed (Free subscription) | yesterday
CREDIT Suisse Group AG reported the smallest writedowns on Wall Street and said earnings dropped 62pc, less than analysts estimated, as the securities unit returned to profit and wealth management attracted the most new assets in two years.
Times Online (Free subscription) | yesterday
Credit Suisse's investment banking division swung back into profit in the second quarter as the Swiss bank comfortably outperformed UBS, its rival.
DealBreaker (Free subscription) | 07/24/2008
You know, other than now. Credit Suisse analysts issued a report today that is supposed to make you feel better about the "issues" shares of Merrill Lynch, Lehman Brothers and Citi have been having of late, by reminding us that the Big C has so be here before, like that time its shares fell 77 percent from October 1989 to December 1991. Then Prince Alwaleed swooped in and bailed them out and...
San Fransisco Chronicle (Free subscription) | 07/24/2008
Credit Suisse Group's profit skidded 62 percent from a year ago, but was a major improvement from the loss it posted in the first three months of this year. Switzerland's second largest bank said it earned 1.22 billion Swiss francs ($1.16 billion) in the...
BBC News (Free subscription) | 07/24/2008
Credit Suisse's second-quarter profits beat expectations, helped by a good performance from its private banking arm.
Market Watch (Free subscription) | 07/24/2008
LONDON (MarketWatch) -- Credit Suisse reported a 62% drop in net profit Thursday, but still far exceeded market expectations thanks to strong inflows to its wealth management business and negligible new write-downs.
