Credit Suisse warns over coronavirus uncertainties after first-quarter earnings beat
Share:
ZURICH (Reuters) - Credit Suisse has bulked up on provisions for expected credit losses and cautioned over uncertainty during the coronavirus outbreak, even as it posted a 75% rise in first-quarter net profit on Thursday, far outpacing expectations.The first major European lender to report earnings since the pandemic upended markets and brought businesses and economies to a halt, Credit Suisse said it built up over one billion Swiss francs in reserves during the quarter to reflect the..