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Analysts probe on CS Private Banking’s Asian expansion

Credit Suisse posted unstellar figures for its second quarter results. Attention however is very much on the firm’s private banking expansion in Asia, with analysts asking CS about the costs of the hires it has been making. Credit Suisse’s Asia-Pacific pretax profit was down about 94% year-over-year, a decline that management attributed to write-downs in its investment banking division. Credit…

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