Swiss banking giant Credit Suisse reports 1st quarter net profit of $1.72 billion

ZURICH — Swiss banking giant Credit Suisse on Thursday reported a first-quarter net profit of 2 billion Swiss francs ($1.72 billion), following a turnaround in its investment bank, which had previously been hit hard by the credit crunch.

Credit Suisse reports 1st quarter net profit of 2 billion Swiss francs

ZURICH — Swiss banking giant Credit Suisse on Thursday reported a first-quarter net profit of 2 billion Swiss francs ($1.72 billion), following a turnaround in its investment bank, which had previously been hit hard by the credit crunch.