Cost-cutting gives Credit Suisse Q2 boost CREDIT Suisse Group, Switzerland's second-largest bank, has posted a 33 per cent rise in second-quarter profits from a year ago, driven by solid returns from its wealth management and investment banking divisions as well as cost-cutting. The Zurich-based bank said on Thursday it made a net profit of 1.045 billion Swiss francs ($A1.22 billion) in the second-quarter, up from 788 million francs in the comparable period of 2012. Chief executive Brady Dougan said the bank's "business model is performing well" and that it continues to make progress in reducing its cost base and balance sheet. The bank said its wealth management arm had 7.6 billion francs in net new assets, with strong inflows in emerging markets, and its investment banking's pre-tax income more than doubled from a year ago.