Mixed results for Swiss banks
NEWS
Net revenues from Credit Suisse's fixed-income trading, which includes FX trading, rose from Sfr2.767 billion in Q1 2006 to a record Sfr2.772 billion in Q1 2007.
The fixed-income trading revenue increases supported overall net trading revenues for Credit Suisse's investment banking division. This increased by 2%, from Sfr4.844 billion in Q1 2006 to Sfr4.943 billion in Q1 2007.
In contrast, UBS posted a decline in revenues across its fixed-income, rates and currencies business. Revenues fell by 7%
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