Credit Suisse sees IB drag Asia Pacific Q2 results

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By GlobalCapital
28 Jul 2016

Credit Suisse posted lower second quarter revenues and pre-tax income in Asia Pacific, after being dragged down by its investment bank.

Net revenues for the region fell 12% to Sfr911m ($923m) versus Sfr1.04bn in the same quarter of last year, with investment banking revenues tumbling 22% to Sfr574m. Private banking revenues, on the other hand, rose 10% to Sfr337m, but overall pre-tax income nonetheless declined 41% to Sfr216m from ...

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