Weak Trading Revenues Weigh Down Q1 Results For Credit Suisse - Presented by: The Aol. On Network

Credit Suisse reported worse-than-expected results for the first quarter on April 16, with a slump in its investment banking operations leading to a 12% reduction in net income for the Swiss banking giant compared to the same quarter last year. The fact that the bank missed earnings expectations, despite having issued a warning last month about lower revenues for some of its business units, suggests that investors grossly underestimated the extent of the decline.



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