Credit Suisse returned to profit in the fourth quarter of 2012 but said it was planning to cut costs more than previously planned. The Zurich-based bank said it made a profit of $435 million during the period, in contrast to last year's loss of $694 million.
February 07, 2013 at 12:00 AM
1 minute read
Credit Suisse, Switzerland’s second-biggest bank, returned to profit in the fourth quarter of 2012 but said it was planning to cut costs more than previously planned.
The Zurich-based bank said Thursday it made a profit of $435 million during the period, in contrast to last year’s loss of $694 million.
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