Credit Suisse (CS) released a kind of preliminary Q2 15 figures. The pre-tax profit was CHF1.66bn for Q2 15 compared to a loss of CHF346m for Q2 14 due to a settlement charge of CHF2.5bn for the US tax evasion case which was booked mainly in Q2 14. Net revenues were up by 8% to CHF6.96bn for Q2 15 compared to Q2 14. Total operating expenses decreased by 23% to CHF5.25bn for Q2 15 compared to the same period last year which was burdened by the before mentioned settlement charge. Net income att
23 Jul 2015
Q2 figures are fine but level is still too low
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q2 figures are fine but level is still too low
- Published:
23 Jul 2015 -
Author:
Dieter Hein -
Pages:
2
Credit Suisse (CS) released a kind of preliminary Q2 15 figures. The pre-tax profit was CHF1.66bn for Q2 15 compared to a loss of CHF346m for Q2 14 due to a settlement charge of CHF2.5bn for the US tax evasion case which was booked mainly in Q2 14. Net revenues were up by 8% to CHF6.96bn for Q2 15 compared to Q2 14. Total operating expenses decreased by 23% to CHF5.25bn for Q2 15 compared to the same period last year which was burdened by the before mentioned settlement charge. Net income att