Credit Suisse reported a second-quarter net profit of 1.6 billion Swiss francs, or $1.5 billion indicating improvement in its investment banking business. The figure was 29 percent higher than the same period a year ago, although down from the first-quarter profit of 2 billion francs.
BradyDougan, the bank’s chief executive officer, said in a statement from Zurich that he expected further economic challenges globally but added, “If markets continue to improve we expect to see further momentum across all our businesses.”
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