Credit Suisse set a positive tone for this quarter’s European bank results on Wednesday, lifting its net profit as gains in equities and deeper ties between trading and private banking helped offset lower revenue. Switzerland’s second-biggest bank bucked market expectations of a profit dip and said it gained market share in equities trading during a…
Swiss private bank Lombard Odier has reported a consolidated net profit of CHF272m for the year ended 31 December 2018. This is a jump of 86% from last year’s figure of CHF146m. The increase in profit was said to be driven by one-time items. Excluding one-time items, consolidated net profit increased 13% to CHF165m on…
Credit Suisse Q3 results, released on Thursday, showed record assets under management in its wealth management division of CHF 785 billion, an increase of 4% on last year. These results follow third quarter inflows of Net New Assets (NNA) with NNA for Wealth Management and Asset Management totalling CHF 14.8 billion for the quarter, up 29%…
