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Credit Suisse: net profit of 13 billion euros in the first quarter

The bank Credit Suisse published on Monday a net profit of 12.

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Credit Suisse: net profit of 13 billion euros in the first quarter

The bank Credit Suisse published on Monday a net profit of 12.8 billion Swiss francs (13 billion euros) under the effect of the depreciation of the so-called AT1 debt instruments ordered by the Swiss regulator for its takeover UBS.

Capital outflows amounted to 61.2 billion Swiss francs during the quarter, against the backdrop of large withdrawals during "the second half of March", the bank said in a press release, adding that they slowed down but did not "not yet reversed".

More information to come..

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