Credit Suisse reports 4.5% drop in revenues from private banking

27 April 2011 | 1 minute read

A day after UBS announced an 18% reduction in net profits for the quarter, Credit Suisse, Switzerland’s second largest bank has published results below consensus street estimates.  The bank has reported a 45% drop in net sales which it attributes primarily to lower earnings at its investment banking business. Income for the private banking business was slightly more insular, and…

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