Switzerland Earns Credit Suisse

July 28, 2011 - 5:44 AM
FILE - In this May 12, 2010 file picture a man enters a Credit Suisse bank in Zurich. Credit Suisse Group announced fresh job cuts Thursday after posting steeply lower second-quarter net profits of 768 million Swiss francs (US $959 million, 667 million euro), battered by a strong currency and plunge in trading. Credit Suisse said it would eliminate more than 2,000 jobs to cut costs as its net profit fell 52 percent from 1.59 billion francs in last year's April-June period and was below analysts' predictions for a profit of 1 billion Swiss francs. (AP Photo/Keystone/Steffen Schmidt,File) GERMANY OUT - AUSTRIA OUT