Credit Suisse asks sentencing for aiding tax evasion be delayed, WSJ reports Credit Suisse says its billions of dollars of assets of pension plans will be at risk unless a U.S. court delays the sentencing following its guilty plea in May, reports the Wall Street Journal. In a motion filed Tuesday, the bank asked that the sentencing be pushed to "at least" the beginning of November because it hasn't been able to receive permission from the Department of Labor to continue to provide services to pension plans. 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.