Credit Suisse’s third quarter results, released on Wednesday, continued a trend for the bank this year: suffering in the primary markets but doing well in trading.
But advisory and underwriting revenue across the business dropped by 18% to $841m.
In debt underwriting the fall was a modest 7%, to $463m. Credit Suisse
said it had suffered from lower leveraged finance across the industry and less revenue from ultra-high net worth clients and derivatives