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zurich - swiss bank credit suisse reported on wednesday a 45 per cent drop in first quarter net profit as it sustained 617 million swiss francs ($700 million) in valuation losses on debt and derivative liabilities.net profit attributable to shareholders reached 1.1 billion in the first quarter , the banking group said in a statement , largely in line with morgan average forecast by analysts polled by swiss business news agency awp .
ubs said first-quarter net profit tumbled 18% as revenue from fixed-income activities such as foreign-exchanged and interest-rate products slid , but the bank said fresh inflows at its private bank show trust is returning .
the wall street giant's first-quarter earnings topped expectations , although a $1.64 billion preferred dividend weighed on the bottom line and revenue declined .
the wall street bank's first-quarter profit declined 45% as revenue slid and its joint venture with mitsubishi ufj weighed on results t the bank said a restructuring would boost its financial cushion .
zurich - swiss bank credit suisse reported on wednesday a 45 per cent drop in first quarter net profit as it sustained 617 million swiss francs ($700 million) in valuation losses on debt and derivative liabilities.net profit attributable to shareholders reached 1.1 billion in the first quarter , the banking group said in a statement , largely in line with morgan average forecast by analysts polled by swiss business news agency awp .
ubs said first-quarter net profit tumbled 18% as revenue from fixed-income activities such as foreign-exchanged and interest-rate products slid , but the bank said fresh inflows at its private bank show trust is returning .
the wall street bank's first-quarter profit declined 45% as revenue slid and its joint ventured deal with mitsubishi ufj weighed on results t the bank said a restructuring would boost its financial cushion .
credit subisse said first-quarter net profit slid 45% , as revenue from debt trading fell and earnings were hurt by the swiss franc's strength against the euro and dollar .
the wall street giant's first-quarter earnings topped expectations , although a $1.64 billion preferred derividend weighed on the bottom line and revenue declined .
mit subishi ufj financial group wants to use its restructured deal with morgan stanley as one way to enhance its commercial-banking interests in the u.s .
citigroup's first-quarter profit fell 32% , even as its credit-loss provisions dropped sharply , while revenue plunged and a charge weighed on results .
Generated 2011-6-20_9:20
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