FILE PHOTO: The logo of Swiss bank Credit Suisse at its headquarters in the Paradeplatz square in Zurich, Switzerland, October 1, 2019. REUTERS/Arnd Wiegmann
The 108% net profit rise put earnings ahead of expectations in the bank’s own consensus forecast for 751 million francs. Switzerland’s second-biggest bank said it expected geopolitical challenges, particularly the US-China trade dispute and Brexit, to lead to more cautious capital expenditure and investment decisions in 2020 and 2021, but said the long-term outlook remained attractive in wealth management.
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