Switzerland bank, Credit Suisse was able to increase its investment revenues by 8% in the first quarter of the year despite adverse global conditions. The country’s second largest bank outdid the performance of rival Barclays, whose investment turnover fell by 15%. Both companies now are at profit margins of US$ 5.4 billion.

Chief Executive of Credit Suisse, Brady Dougan said that the investor gained because of a successful fixed income hiring operation that was started in 2010 and was ultimately bearing fruit. British rival Barclay meanwhile saw its fixed income revenues fall by 22%. As a result of the negative company figures investors eschewed the bank’s bond and made them dwindle by 5%.

Co-head of Barclays, Rich Ricci claimed that the company could be doing much better, but was held back by adverse geopolitical conditions. Several US American investors also named the political uprisings in Northern Africa and the Middle East as well as the Japan Earthquake and the troubled Euro as reasons for meager company results.

Because of its high profits, Credit Suisse did not see a reason to cut down on its remuneration payments. This called corporate governance company ISS into action which requested investors to reject the bank’s compensation package. A spokesperson for ISS pointed out that the remunerations for senior directors at Credit Suisse had doubled to US$ 25 million in only one year.