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credit-suisse Quarterly Report Q3/2002
Credit Suisse Group reported a net operating loss of CHF 1.8 billion and a net loss of CHF 2.1 billion for Q3 2002. While Credit Suisse Financial Services and Credit Suisse First Boston maintained their market positions, results were impacted by weak investment income, revenues, and legacy costs at Credit Suisse First Boston. Winterthur strengthened its capital base with a CHF 2 billion capital contribution from the Group to adapt to a lower investment income environment. The Group is pursuing measures to restore profitability in 2003 while maintaining adequate capital ratios.
