"Clearly, we're only three weeks in, but what I can really say is the environment remains very similar to what we've seen in 2014," the Swiss bank's Chief Financial Officer David Mathers told journalists in a call after the bank swung to a second-quarter net loss.

"Clearly we do have a very good pipeline in terms of underwriting and advisory positions, but I think it's really best to say conditions very much in line with what we've seen in the year."

(Reporting By Katharina Bart)