Credit Suisse swings to profit
Credit Suisse on Thursday said it swung to a far better-than-expected first-quarter net profit, climbing back from several quarterly losses in 2008 when it was mired in writedowns and unfavourable trading results.
Credit Suisse Group said Thursday its third-quarter profit shrank 74% as earnings at its securities unit were hit hard by a lull in activity and as wealthy private clients held back from investments.