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CS losses mount.

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Credit Suisse bank reported its first quarterly loss in five years this April on the back of new writedowns of SFr 5.3 billion from the home-loan crisis in the United States.

But the bank's chief executive, Brady Dougan, said the group had reduced its risk exposure and was well positioned to navigate in difficult market conditions.

The bank reported a net loss of SFr 2.1 billion for the first three months of the year. It had already written down SFr 3.2 billion, but still managed to post a SFr 7.76-billion profit for 2007.

Credit Suisse, Switzerland's second largest bank, has so far fared better than the country's largest bank, UBS, which has posted writedowns of more than...

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