cridet suisse shareholder letter_

Credit Suisse reported a net loss of CHF 2.148 billion in the first quarter of 2008 as market conditions deteriorated, leading to writedowns in leveraged finance and structured products. Net revenues declined 72% from the prior year to CHF 3.019 billion. While most businesses performed well, Investment Banking reported a pre-tax loss of CHF 3.46 billion due to writedowns of CHF 5.281 billion in leveraged finance and structured products. The company remains well positioned due to its strong capital position and client-focused integrated banking model.