Hunt for US securitization yield helps Credit Suisse
Credit Suisse’s third quarter results, released on Wednesday, continued a trend for the bank this year: suffering in the primary markets but doing well in trading.
But advisory and underwriting revenue across the business dropped by 18% to $841m.In debt underwriting the fall was a modest 7%, to $463m. Credit Suisse said it had suffered from lower leveraged finance across the industry and less revenue from ultra-high net worth clients and derivatives ...
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