Credit Suisse hasn't set job-reduction targets, Bloomberg reports A spokesman for Credit Suisse says the bank has not set job-reduction targets and will stick to its original cost-cutting plans, Bloomberg reports. A report from Schweiz am Sonntag said the bank would cut 300-500 jobs globally, including around 200 in Switzerland. 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.