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Revenues from recurrent fees and transactions rise at Credit Suisse PB APAC

Pre-tax income for Credit Suisse’s Wealth Management & Connected (WM&C) business in APAC in Q3 grew 82% year-on-year but slipped slightly in quarterly terms on account of lower net revenues, higher operating costs and higher provision for credit losses, the Swiss major reported today. Income before taxes in Q3 reached CHF 173 million on the back of CHF 548 million…

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