According to the Wall St Journal Credit Suisse Wednesday
reported a sharp drop in net profit for the first quarter, pressured by an
accounting loss on its own debt and lower revenue at its investment bank, which
shed risky assets to adapt to a tougher regulatory and market environment.
Still, the bank managed a sharp turnaround from a dismal
fourth quarter when it reported a loss, on improving market conditions. But
Chief Financial Officer David Mathers warned that this may not necessarily be
the trend going forward, as markets weren't as favorable in April as they were
during the first quarter. …
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