The Swiss bank began 2019 in a challenging market environment with ‘muted’ client activity in the first quarter. However, as the environment became more constructive it was able to finish the year with a ‘strong’ quarter, according to outgoing CEO Tidjane Thiama (pictured).

Credit Suisse delivered a net income of CHF3.4 billion (US$3.47 billion) for full-year 2019, up 69% compared to 2018, driven by positive revenue performance and steady cost management. The fourth quarter of 2019 was the 13 th consecutive quarter of year-on-year pre-tax income growth, with reported pre-tax income of CHF1.2 billion compared to CHF595m in 4Q2018, up 104%. The international trading solutions (ITS) franchise, whose revenues have increased by 27% since 2017, continued its ‘str

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