Credit Suisse CEO almost lost job during probe, WSJ reports Credit Suisse board members mulled actions that likely would have cost CEO Brady Dougan his job as a years-long U.S. tax probe dragged on, sources tell the Wall Street Journal. The sources add that officials at the bank considered asking the Swiss government to implement a law enabling the lender to "sidestep bank-secrecy rules and hand over the names of American clients to U.S. authorities," and that Dougan would have to resign to appease politicians. 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.