Dougan promises new hires as CS falls short
Credit Suisse reported worse than expected results from its fixed income unit when it reported its first quarter figures on Thursday, contrasting with improvements in the business at its competitors. The shares lost 3% in early morning trading.
The bank reported overall net income of Sfr2.06bn, in line with estimates, and up from Sfr2.01bn in the last quarter of 2009. Fixed income revenues were Sfr2.7bn, down from Sfr3.7bn in the booming first quarter of 2009.
The bank said that it plans to keep expanding its securities
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