'Cautious' Credit Suisse continues to shed profits

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SWITZERLAND/GLOBAL - Credit Suisse Group (CSG) recouped some losses during the first quarter 2002, but still fell nearly US$1bn short of net profits compared to the same period last year.

CSG registered profits of CHF368m for Q1 2002, which compared favourably with the devastating net loss of CHF830m incurred at the end of last year. But the figure still proved disappointing agains...

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