November 1, 2007

Credit Suisse suffers profit cut in wake of US credit crunch (AFP)

Credit Suisse logo in Geneva. Swiss banking group Credit Suisse said Thursday it had managed to turn a third quarter profit, albeit sharply reduced, in the wake of the US subprime mortgage crisis.(AFP/File/Fabrice Coffrini)AFP – Swiss banking group Credit Suisse said Thursday it had managed to turn a third quarter profit, albeit sharply reduced, in the wake of the US subprime mortgage crisis.

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