Credit Suisse reported bumper third-quarter earnings yesterday, providing evidence of the sharp recovery in profitability for those banks least hurt by the credit crisis.

The group’s earnings followed strong third-quarter results from Goldman Sachs, JP Morgan Chase and Deutsche Bank that were boosted by reduced competition and buoyant conditions in financial markets. Brady Dougan, chief executive, said: “We benefited from having a more stable environment. But our hope is that this is fairly durable.” – (Copyright The Financial Times Limited 2009)