FX market doldrums hit Credit Suisse earnings

Private banking hit by low FX volatility

Credit Suisse: earnings hit by low FX volatility

Credit Suisse has attributed a significant decline in its private banking and wealth management net revenues to lower transaction fees from foreign exchange client business, as low volumes and volatility in the market continue to take their toll on sell-side institutions.

Private banking profits fell by 9% in the second quarter of 2014, compared with the same period of last year, and dropped almost 4% from the first quarter of this year. Return on capital for the business line decreased from 31

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: