Credit Suisse : Q1 2023 results weak as expected
>Q1 2023 results weak and influenced by pending merger with UBS - Credit Suisse reported weak Q1 2023 results which were influenced by the pending merger with UBS. Reported pre-tax profit came to CHF 12.8bn and benefited from the writedown of CHF 15bn AT1 capital notes (as ordered by FINMA in the light of the planned merger with UBS). Other items affecting pre-tax income wear: i/ CHF 0.7bn pre-tax profit from the sale of a significant part of the Securitized Products...Credit Suisse is a financial services provider based in Switzerland. Co. is active as an integrated bank. Co. operates through two global divisions, Private Banking and Corporate & Institutional Banking. Co. offers comprehensive advice and a broad range of financial solutions to private, corporate and institutional clients primarily domiciled in Switzerland. Co. maintains operations in three regionally focused divisions: Swiss Universal Bank, Asia Pacific and International Wealth Management serving Western Europe, Central and Eastern Europe, Latin America and Africa.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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