C Suisse investment bank sees revenue rise

Credit Suisse Canary Wharf

Revenue at Credit Suisse's investment bank rose in the last two months compared with the same period a year before, the bank's finance chief said on Tuesday.

Reuters reports that Chief Financial Officer David Mathers gave investors brief details about Credit Suisse's recent performance, weeks before the company is due to report third-quarter results on October 23.

'Revenues in the investment bank in July and August were ahead of the same months last year, both in Swiss franc as well as in dollar terms, albeit with a more pronounced seasonal volatility', he said at a brokerage conference.

The firm's revenue from private banking in July and August was similar to that seen last year, Mathers added.

The finance chief signalled that the U.S. government's examination of financial crisis-era mortgage abuses was now Credit Suisse's biggest legal worry, after it in May pleaded guilty to a U.S. criminal charge and agreed to pay more than $2.5bn in penalties for helping Americans evade taxes.

To access the complete Reuters article hit the link below:

Credit Suisse investment bank revenue up in July, August - finance chief

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