Credit Suisse’s equities business has seen a bigger drop in Q1 results than first predicted by market analysts. The Swiss lender saw their equities trading revenue plummet 22% to $726mn, with the drop driven by a fall in revenue from equity derivatives worldwide, and as a result Credit Suisse have reported the worse decline for firstquarter earnings among global investment banks so far. Bank CEO Tidjane Thiam, aimed to steady the firms trading business since taking charge in 2015. The CEO has faced turbulence from liquid debt positions and a tumbling equities franchise that trades based on computer models. Sanford C. Bernstein banks analyst Chirantan Barua, believes it will be difficult for CS as they are “facing market headwinds, balance sheet constraints and increased competition in their backyard. #SpartanInternational