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Credit Suisse report spike in Q1 profits

Credit Suisse report spike in Q1 profits

Swiss bank Credit Suisse Group, which has operations in The Bahamas, has reported first quarter profits of $1.37 billion, a sharp rebound from the same period a year ago. 

Source:
Date:
Updated:
 AP/Yahoo! News
Monday, April 29, 2013
Monday, April 29, 2013

Switzerland’s second-biggest bank credited “positive momentum” from a transformed business model for its jump in net profits attributable to shareholders during the first three months, up from 44 million francs in the first quarter of 2012 when it took big charges on debts and paid out higher bonuses.

This is an excerpt from AP/Yahoo! News as it appeared on April 29, 2013. For updates or to read the current version of this post in its entirety, please click here.

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