The Swiss bank Credit Suisse more than doubled its profit in the third quarter. The financial service provider did good business with asset management and global securities trading. In addition, the bank sold its investment platform InvestLab.

Net profit increased by 108 percent to 881 million Swiss francs, equivalent to around 798 million euros. Credit Suisse thus exceeded its own expectations.

According to CEO Tidjane Thiam, the bank has succeeded in boosting its results amid difficult market conditions. He nevertheless foresees that geopolitical developments, in particular the Sino-American trade war and the Brexit, will deter potential clients from making investment choices over the next two years.

Load More Related Articles
Load More By WeeklyNews staff
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Dutch youth found to be more conservative than Gen-X

People in their twenties and thirties in the Netherlands think more conservatively about i…