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Credit Suisse PB APAC sees 13% YoY revenue jump

Credit Suisse Private Banking’s APAC division saw revenue surge 13% YoY as a result of strong annualised growth in its lending and transaction-based businesses. In 3Q19, its APAC PB net revenue reached CHF 436 million, rising 13% YoY but falling 0.2% QoQ. However, this excluded the addition of CHF 98 million gained from the transfer of CS’s InvestLab to Allfunds in June, which…

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