GLOBAL - Swiss giant Credit Suisse Group (CSG) became the latest casualty of volatile markets and the post September 11 downturn after it reported a massive CHF299m drop in Q3 profits on the same period last year - its first drop in overall profits in four years.
CSG reported a net operating profit of CHF21m in Q3, compared to CHF1.7bn in Q3 of 2000, adjusted following amortisation and goodwill. In October the firm took the unprecedented step of announci...
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