GENEVA: Credit Suisse Group on Thursday reported a 1 percent rise in second-quarter net income as the bank performed well despite difficult business conditions taking a toll on its investment banking unit.
The Zurich-based bank said profits rose to 1.6 billion Swiss francs ($1.5 billion), beating the expectations of analysts. Net revenues declined 2 percent to $8.4 billion francs, but total operating expenses were also down.
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