Credit Suisse may cut 5K from IB division, Reuters says Credit Suisse (CS) could announce plans to cut 5,000 jobs from its investment banking, IB, business as the bank is ""simply completely oversized", reports Reuters citing the Sonntag newspaper. Reference Link
Credit Suisse reports Q1 net income CHF 1.05B vs. CHF 859M Reports Q1 core pre-tax income of CHF 1.54B. Reports Q1 revenue CHF 6.67B vs. CHF 6.47B last year. Reports look-through CET1 ratio of 10% as of the end of Q1.