Credit Suisse on April 24 reported an 0.8 percent year-on-year rise in first-quarter pre-tax profit from continuing operations to 1.06 billion Swiss francs . Net revenue was down 4 percent year-on-year at 5.4 billion Swiss francs.
The lender attracted 35.8 billion Swiss francs in net new client assets during the first three months of the year, bringing total assets under management to 1.43 trillion Swiss francs. Credit Suisse’s trading division delivered a 282 million Swiss franc pre-tax profit, down 4 percent from the same quarter a year earlier, on revenue that declined by 5 percent year-on-year to 1.5 billion Swiss francs.
The Zurich-based bank’s common equity Tier 1 capital ratio, assuming full implementation of Basel rules, was 12.6 percent, unchanged from three months earlier. On the same basis, its CET1 leverage ratio was also unchanged at 4.1 percent. The bank made a return on tangible equity of 7.8 percent over the quarter, compared to 7.6 percent during 2017.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
I have 26 credit cards and excellent credit. Here's the best advice I can give you on keeping up your score, no matter how many cards you haveNo need for perfect credit score: Having 'excellent credit' over 800 is more than enough to get the best interest rates and terms on a loan. 00000 I have MB WAY, it does not cost 😂🤣😁
Source: BusinessInsider - 🏆 729. / 51 Read more »
What is a bad credit score?What is a bad credit score? Scores within this range are considered poor, and improving them should be a top goal. Exceptional. thank you for playing.
Source: USATODAY - 🏆 100. / 63 Read more »
The Best Airline Credit Cards Of 2019The best Credit card is the only one you should have and it should always carry a 0 balance at the end of the month. don't let these guys lull you to sleep you will wake up 40k in debt and wondering how you are going to pay it off. all things that surely I can afford ...
Source: Forbes - 🏆 394. / 53 Read more »
3 reasons you should never put personal purchases on a business credit cardYou should always keep your personal expenses and business expenses separate and here's why.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Credit Suisse’s Revival Gathers Pace as Restructuring Bears FruitCredit Suisse reported its strongest quarterly profit in more than three years aided by its global markets and wealth management units, suggesting the Swiss bank’s three-year restructuring is starting to pay off. That's cause their crooks helping other crooks How much money was laundered - Credit Suisse, DeustchBank, and so on corrupt entities, like most banks.
Source: WSJ - 🏆 98. / 63 Read more »
World shares fall as China stimulus worries offset upbeat Credit Suisse earningsWorld shares took a step back on Wednesday as signals that China has put broader...
Source: Reuters - 🏆 2. / 97 Read more »
How to use balance transfer card to pay off your credit card debt, in 5 stepsA balance transfer card offers 0% APR on balance transfers for nine to 21 months, so you can transfer debt and pay it down without interest. How about just not even carrying a balance 🤷♂️
Source: BusinessInsider - 🏆 729. / 51 Read more »
Credit Suisse explains how 'angry societies' have changed the worldFactors such as a nationalistic shift in government policies and the U.S. withdrawal from multilateral agreements have resulted in a paradigm shift in the world, says Lito Camacho, vice chairman at Credit Suisse Asia Pacific. I've been warning about this for a few years now. People either ignore it, or their favorite Media Outlet refuses to cover it. Why are they angry? Refugee infiltration! 98% don't work and get paid! Free money but only for them
Source: CNBC - 🏆 12. / 72 Read more »
Credit-Card Issuers Boost Spending on Social-Media AdsIn an effort to attract new customers, American Express and Capital One have significantly increased ad spending on Facebook. I’ve been making fun of them. Those assholes make 6 figures while losing 7. I’m better.
Source: WSJ - 🏆 98. / 63 Read more »
Venmo’s Latest Effort to Turn a Profit: Credit CardsExecutives at the digital payments company have been meeting with banks since last year to discuss issuing a Venmo-branded credit card. The PayPal-owned company is considering Synchrony Financial as its card-issuing partner.
Source: WSJ - 🏆 98. / 63 Read more »
Islamic State Takes Credit for Large-Scale Assault in Afghan CapitalIslamic State said Sunday that it carried out the deadly raid on a government building in teeming central Kabul, an attack that brought a return of large-scale violence to an anxious and exhausted Afghan capital. There is a great diference between the faith islamic and the Christian. The second is not by force. Islamic who?
Source: WSJ - 🏆 98. / 63 Read more »