Credit Suisse flies on FICC and ECM

By Richard Metcalf
23 Oct 2014

Credit Suisse reported surging revenues in its investment bank, with FICC and equity underwriting standout divisions. Profits at the bank, however, have been tempered slightly by higher losses in the investment bank's non-strategic businesses.

Credit Suisse’s investment banking division, which comprises investment banking, equities and fixed income, produced pre-tax income of Sfr516m, up 43% year on year, and narrowly beating estimates, despite losses incurred in this division by non-strategic businesses rising to Sfr479m from Sfr468m in the same quarter last year.

FICC sales ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial