His budget specified these savings despite saying that he would repeal the Independent Payment Advisory Board, a key Medicare cost-control measure included in Obamacare.

FORBES: The Ryan Tax Plan Isn't a Plan

"Credit Suisse Group's core businesses look strong over the long term, and we intend to continue focussing on cost-control efforts and on achieving growth in our key markets, " said Credit Suisse Chief Executive Lukas Muehlemann.

BBC: Credit Suisse profits plunge