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Credit Suisse 1Q20 earnings up 75%, strong growth in APAC net revenues

Credit Suisse has reported resilient 1Q20 earnings, with its Asia-Pacific business delivering the strongest earnings growth to date, despite a downtick in its AUM. In its press release issued today, the group acknowledged wide-range challenges since the outbreak of the COVID-19 pandemic, but added that its 1Q20 results were “supported by a strong contribution from the private banking franchises, with…

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