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Credit Suisse 3Q20 revenue from APAC grows 29% YoY; APAC good for 20% of group revenue

Credit Suisse recorded 29% YoY growth in 3Q20 revenue generated in the Asia Pacific region, across all banking segments. The region now accounts for 20% of the overall revenue of the group. The Swiss lender reported its 3Q20 results on Thursday with an overall pretax income (PTI) down 30% YoY, mainly on account of the one-off InvestLab gain of CHF…

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