May Looks 'Positive' For Credit Suisse Despite 1Q Loss

Credit Suisse Group AG posted a second consecutive quarterly loss after a tumultuous start to the year prompted Chief Executive Officer Tidjane Thiam to deepen cost cuts at the securities business, hurt by writedowns on trading positions. Switzerland’s second-biggest bank on Tuesday reported a loss of 302 million Swiss francs ($311 million) in the three months through March, compared with a profit of 1.05 billion francs a year ago. Analysts predicted a loss of 344 million francs in that period, according to the average of 10 estimates compiled by Bloomberg. Chief Executive Officer Tidjane Thiam discussed numbers with Bloomberg's Francine Lacqua.

Merkel Victory Can Be Good News for Europe, Says Leuck
45:25 - Martin Lueck, chief investment strategist at BlackRock, and Mike Bell, global market strategist at JPMorgan Asset Management, discuss how securing a fourth term as German Chancellor may impact Angela Merkel's vision of Europe. They speak on "Bloomberg Daybreak: Americas." (Source: Bloomberg)
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