[ by Melanie Gretchen ] Credit Suisse silenced investor fear by announcing in advance of its 7/26/12 release date that the bank was profitable in the 2nd quarter of 2012 - specific figures were not offered.  However, the bank addressed concerns expressed by the Swiss National Bank last week that the bank needs to "significantly expand its loss-absorbing capital during the current year," due to Europe's debt crisis. Status Report. The recent decrease of trading activity and a fall in consumer and corporate spending throughout the global financial crisis, has affected Credit Suisse's capital balance.  For Q1 of 2012, the bank reported earnings of 44 million Swiss francs, or U.S. $46mn - a drop from 1.1 billion Swiss francs one year earlier.  The difference was due largely to charges on the value of its own debt. Credit Suisse and its Swiss rivals have been badgered by the Swiss National Bank to strengthen their cash buffers.  Yet, Credit Suisse has resisted such a request and noted its confidence in a 6/22 statement "that management's plans will continue to ensure that Credit Suisse not only fulfills, but exceeds its regulatory capital requirements." For further details, go to [Dealbook, 6/29/12].