Credit Suisse profit rises

Net profits rise 23% as Swiss group sees a pickup at its investment bank in Q1 and continues to rein in costs

Credit Suisse said net profit rose 23% in the first quarter of the year, as the Swiss lender saw a pickup at its investment bank and continued to rein in costs.

Overall net revenue increased by just 3%, the bank said, as its Private Banking and Wealth Management business saw declines in the period.

The Zurich-based bank also saw its capital...