Swiss bank Credit Suisse reports 29 percent rise in 2Q net profit to $1.41 billion

August 10th, 2009 New AIG chief leaves Credit Suisse boardZURICH —Robert Benmosche, who starts this week as the new president and CEO of American International Group Inc., has stepped down from Credit Suisse Group's board with immediate effect, the Swiss bank said Monday. The former chairman and chief executive of insurance company MetLife Inc.

July 23rd, 2009 Credit Suisse reports 29 percent rise in 2Q profitZURICH — Swiss bank Credit Suisse Group on Thursday reported a 29 percent increase in second quarter net profit after a strong performance in its investment unit drove up core revenues. The net profit of 1.57 billion Swiss francs ($1.41 billion) compared with 1.22 billion francs in the same quarter last year and matched most analysts' expectations.

July 23rd, 2009 Credit Suisse reports 29 percent rise in Q2 profitZURICH — Swiss bank Credit Suisse Group on Thursday reported a 29 percent increase in second quarter net profit after a strong performance in its investment banking unit drove up core revenues. The net profit of 1.57 billion Swiss francs ($1.41 billion) compared with 1.22 billion francs in the same quarter last year and matched most analysts' expectations.

June 25th, 2009 UBS appoints new chief executive for Asia businessHONG KONG — UBS named former electrical engineer Chi-Won Yoon as chairman and chief executive of its Asia business Thursday in the latest top management change at the Swiss bank that's been hard hit by the financial crisis. Yoon replaces Rory Tapner who is leaving UBS after 25 years, it said in a statement.

June 23rd, 2009 Huntsman announces legal settlement with banksTHE WOODLANDS, Texas — Chemicals maker Huntsman Corp. says it has reached a $1.7 billion settlement with two banks over its accusation they schemed to scuttle a $6.5 billion buyout of the chemicals maker last year.

May 14th, 2009 Conn. court rules against Credit Suisse CEOHARTFORD, Conn. — The chief executive of Swiss banking giant Credit Suisse is haggling with his ex-wife over nearly $1 million she says he owes her for being 12 days late with a divorce-related payment in 2006.

May 13th, 2009 To buy Mont. club, Swiss bank must repay $42M debtHELENA, Mont.

May 5th, 2009 ZURICH - The Swiss banking giant UBS confirmed Tuesday it lost nearly 2 billion francs ($1.75 billion) in the first quarter of this year, mostly on exposure to risky positions and continued outflow of capital. UBS said in a statement that the losses were on positions the bank was exiting or had already closed.

May 5th, 2009 UBS books 2B francs net loss for Q1ZURICH — UBS AG, the Swiss bank hit hard by the financial crisis and a U.S. legal probe into its American clients' offshore accounts, reported Tuesday a first-quarter net loss of 1.98 billion Swiss francs ($1.73 billion) and said it expects loan losses to keep rising.

May 5th, 2009 UBS confirms 2B francs net loss for Q1ZURICH — UBS AG reported a first-quarter net loss of 1.98 billion Swiss francs ($1.73 billion) Tuesday, confirming a warning given last month, and said it remains cautious about its outlook as loan losses are expected to mount amid the economic downturn. UBS, which replaced its CEO, chairman and several other senior officials after record losses of some 21 billion francs last year, also said customer withdrawals continued in the first quarter.

April 28th, 2009 Bank of China's 1Q net profit falls 14 percentSHANGHAI — Bank of China Ltd., the country's third-largest commercial bank by assets, said Tuesday its first-quarter profit fell 14.4 percent as slowing exports and imports cut into its trade finance business. The Beijing-based lender said profit fell to 18.57 billion yuan ($2.7 billion), or 0.07 yuan per share.

April 23rd, 2009 Credit Suisse reports 1Q net profit of 2B francsZURICH — 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. The figure was better than analysts' expectations for a net profit of up to 1 billion francs and compared with a net loss of 2.15 billion francs in the same quarter last year.

April 23rd, 2009 Credit Suisse reports Q1 net profit of 2B francsZURICH — 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. The figure was better than analysts' expectations for a net profit of up to 1 billion francs and compared with a net loss of 2.15 billion francs in the same quarter last year.

March 10th, 2009 ZURICH - Credit Suisse and Swiss Re, both hit hard by the financial crisis, announced changes at the top of the companies Monday. Peter Forstmoser, the chairman of Swiss Re, the re-insurer, announced in a statement that he would resign from the board and be replaced by Walter B.

January 20th, 2009 KOLKATA - The city-based UCO Bank has posted a net profit of Rs.1.72 billion (Rs.171.64 crore) in the quarter ended Dec 31, as against Rs.827 million (Rs.82.78 crore) in the corresponding quarter last fiscal, reflecting an increase of over 100 percent, a top company official said here Wednesday. 'The net profit in this quarter jumped by 107.35 percent.