Credit Suisse enjoyed a Sfr5bn (€3.3bn) swing in third-quarter profitability at its investment bank, as a trading turnaround propelled pre-tax profits to Sfr1.7bn, beating the mark set in the second quarter and marking a return to the black compared with a multi-billion Swiss franc loss in the third quarter last year.

The Swiss bank, which was nursing a Sfr3.2bn loss at the investment bank arm this time last year, this morning opened the third-quarter reporting season for Europe's biggest banks.

Trading-powered profit rebound prompts Suisse cheers

Vivek Ahuja

Credit Suisse

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Pimco’s European business suffers almost 40% profit drop as performance fees slump

Jose Minaya’s big plan for Newton, and DWS boss predicts ‘gigantic’ stablecoin market

DWS CEO sees ‘gigantic market’ emerging for stablecoins

Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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US law firm hires private equity specialist from key client

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The vice president is the most high-profile recent American visitor to the Cotswolds, an idyll that locals say is being disrupted by too many Yanks.

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The bank’s economists had predicted tariffs could cause inflation and slow economic growth.

Trump Calls on Goldman to Replace Economist Over Tariff Stance

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

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White House Preps Order to Punish Banks That Discriminate Against Conservatives

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