The Swiss bank collected sales of US$2.5 billion from structured products in the second quarter of 2019, the bulk of which were sold in the USA.

Credit Suisse posted negative net revenues of CHF184m in the second quarter, compared to net revenues of CHF24m in the same quarter last year and negative net revenues of CHF91m in 1Q2019. Negative treasury results in 2Q2019 reflected losses of CHF208m with respect to structured notes volatility, mainly relating to interest rate movements, and negative revenues of CHF83m relating to funding activities, according to the bank. Negative revenues and losses were partially offset by gains of CHF59m

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