Credit Suisse Group AG set aside 568 million Swiss francs ($584 million) to cover potential loan losses from global corporations and Swiss borrowers who might struggle to bounce back from the coronavirus shutdown, in the first report of first-quarter earnings by a major European bank.

The bank, Switzerland’s second-largest by assets, said credit provisions reflected the deteriorating economic outlook, though it reported a surge in first-quarter trading revenue from higher client activity. Net revenue rose to 5.78 billion…

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