Credit Suisse sees US sales up 80% YoY

Global investment banking revenues of US$2.4 billion were up 12% year-on-year, with fixed income sales & trading revenues, at US$921m, increasing by 10%, driven by higher client activity in securitised products, emerging markets and macro franchises. Equity sales & trading revenues of US$588m were up five percent from the prior year period, reflecting higher trading volumes in the US and Asia. Equity derivatives revenues increased, boosted by higher corporate derivatives trading activit