Credit Suisse profit climbs 2.7%; firm sees slower second quarter

Article Abstract:

Credit Suisse Group of Switzerland posted a 2.7 percent rise in net profit for the first quarter or an increase to 1.91 billion Swiss Francs from 1.86 billion Swiss Francs. Net profit from retail and corporate banking rose 45 percent and decreased 13 percent in investment banking. The banking giant predicts a slower second quarter.

Comment:

Credit Suisse Group of Switzerland posted a 2.7 percent rise in net profit for the first quarter or an increase to 1.91 billion Swiss Francs from 1.86 billion Swiss Francs. Net profit from retail and corporate banking rose 45 percent and decreased 13 percent in investment banking. The banking giant predicts a slower second

Sales, profits & dividends, Switzerland, Labor Distribution by Employer, Statistics, Company sales and earnings, Company earnings/profit, Credit Suisse Group, Company Profile, CSGN

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Another winner is big business

Article Abstract:

Such big business industries as financial services, health care, and the pharmaceutical industry donated generously to the Republican party and the reelection campaign for George W. Bush. They were pleased by Bush's regulatory policies during his first term, and now that Bush has won reelection, they foresee further benefits.

United States, Strategy & planning, Government expenditures, Government domestic functions, Forecasts, trends, outlooks, Financial management, Pharmaceutical preparations, India, Government Regulation, Regulatory Stance (Business), Analysis, Planning, Pharmaceutical industry, Finance, Forecasts and trends, Donations, Economic policy, Social policy, Political aspects, Elections, Market trend/market analysis, Bush, George W., Big business, Industry regulations, Republican Party (United States), Government regulation of business, Company business planning, Company financing, Presidential elections, Stock markets, Stock market, Business-government relations, Kerry, John F., Social security reform

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