Less levfin activity weighs on Credit Suisse

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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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