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Old 02-12-2008, 05:16 PM
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Post Credit Suisse quarterly profits plummet 72%

Swiss giant Credit Suisse has announced a 72% fall in quarterly profits. Net profit in the fourth quarter of 2007 was SFr1.33 billion (£619 million), slightly worse than the analysts had predicted. However, the bank said losses on sub-prime investments were SFr2 billion last year - less than it anticipated. The banking giant has been [...]

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