Credit Suisse surprised investors on Thursday with a sharp move into profit in the first quarter as private banking earnings remained robust. The net profits of SFr2bn ($2.6bn) followed positive earnings at many US rivals and pointed to a thaw in frozen credit markets. However, Credit Suisse’s performance contrasted with the SFr2bn Q1 loss revealed last week by rival UBS ahead of its full results.

This entry was posted by Gwen Robinson on Friday, April 24th, 2009 at 5:15 and is filed under Capital markets. Tagged with credit suisse, ubs. Edit this entry.