SWITZERLAND - Credit Suisse's asset management compensation expenses were higher in the second quarter of 2008 than the same time last year, despite a 44% fall in revenues, the bank's report has revealed.
The bank's 2008 Q2 pre-tax income was CHF167m (US$160.8m) compared with CHF299 in 2008, whilst expenses rose 3%, which was put down to higher compensation and administrative costs. However, the ...
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