Swiss banking giant Credit Suisse said its private banking business continued to deliver good results, while the group as a whole was in good shape despite the subprime-led financial crisis and looked to seize opportunities arising from the turmoil, according to media reports.

Credit Suisse is "well-positioned to create long-term value and seize opportunities that arise from market dislocation", David Mathers, head of Finance, Investment Banking, was quoted as saying at a Lehman Brothers financial services conference in New York.

Credit Suisse has done better in the crisis than its direct rival UBS, so far the hardest-hit European bank. Investors expect UBS and other banks damaged by the crisis to sell part of their business.

Mr Mathers said the bank saw "solid results across most investment banking and asset management businesses".