C Suisse chief says bank benefiting from measures taken

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Credit Suisse is already benefiting from measures taken to counter the strong Swiss franc, its deputy finance chief said on Tuesday.

Reuters reports that the bank outlined measures last month to cope with the surge in the Swiss currency after the central bank abandoned its cap against the euro on January 15.

'The financial performance so far this quarter has been consistent with our comments at the Q4 announcement on Feb. 12', Charlotte Jones, Credit Suisse's head of group finance, said at a Morgan Stanley conference in London.

'We've seen a good initial impact of the measures implemented in response to the adverse Swiss franc environment, offsetting a slower start to the year in our asset management business'.

To access the complete Reuters article hit the link below:

Credit Suisse measures reduce Swiss franc impact

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