Less levfin activity weighs on Credit Suisse

By Jasper Cox
31 Jul 2019

Underwriting revenues fell for Credit Suisse in the second quarter, it said on Wednesday, although fixed income trading and sales was a bright spot in its results.

Overall revenue from advisory and underwriting, which is split across multiple business divisions at the bank, were down by a fifth to $924m, compared with the second quarter of 2018. The results compared unfavourably with Swiss peer UBS, which in its results last week posted large ...

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