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Credit Suisse to Post Profit Despite Credit Hit

Reuters
Monday, 1 Oct 2007 | 3:31 AM ET

Credit Suisse said on Monday its results would be "adversely impacted" by the market turmoil but it would remain profitable in the third quarter of 2007.

Credit Suisse said that, as had been the case over the industry, its investment banking and asset management results had been adversely impacted by recent market events.

The bank said it had no indication that net income from continuing operations would fall outside of a range of 20% above or below 1.3 billion Swiss francs ($1.11 billion).

Banks