Credit Suisse, the second-largest Swiss bank, today said its plan to create an integrated global bank will boost net profits by an additional Sfr1bn (€600m) by 2008. The bank also confirmed it wants to float Winterthur, its insurance arm.

The plan's original target was a 50% boost in profits to Sfr8bn by 2007, with the largest contribution coming from Credit Suisse First Boston, the investment banking arm.