Despite a 96% plunge on year-on-year profits, Credit Suisse’s private banking business did not experience the same damage with an 8% decrease in net revenue from approximately CHF 2.7 billion (US$3 billion) in the first quarter of 2012, compared to 2.9 billion (US$3.2 billion) in the same quarter last year. Assets under management (AUM) globally for Q1 2012 remained essentially…
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