Apac stands tall for CS amid global losses

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By Rev Hui
04 Feb 2016

Credit Suisse announced its full year results for 2015 this week with the Swiss lender reporting pre-tax losses of Sfr2.42bn ($2.39bn). However its Asia Pacific business was one of the standout performers posting a pre-tax gain.

The Swiss lender was keen to point out in its results announcement that the losses were not reflective of its underlying business as it includes a host of one-off charges including a goodwill impairment (Sfr3.8bn), restructuring costs (Sfr355m) and litigation items (Sfr821m).

But it was also keen to ...

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