Credit Suisse Sees Strong Q1 Financials as Recovery Plan Accelerates

[kreslik.news]

Credit Suisse has reported its first quarter financials, looking to get on track after a US tax writedown effectively erased its entirely yearly gains. In looking at the latest figures, Q1 2018 thus looks to have corroborated CEO Tidjane Thiam’s recovery plan, with several key areas of growth.

The Swiss lender like many other banks have been hard pressed to find positive earnings in recent quarters. Many of them, like Credit Suisse, were hit with a debilitating $2.34 billion (CHF 2.3 billion) US tax writedown that led to a yearly loss. More precisely, Credit Suisse reported its third straight ... (read more)