Credit Suisse reported its highest annual profit in nine years as it seeks to move on from a spying scandal that led to the resignation of its chief executive last week
Credit Suisse Group AG reported its highest annual profit in nine years as it seeks to move on from a spying scandal that led to the resignation of its chief executive last week, with gains in its wealth management and markets businesses offsetting a decline in corporate advisory revenue.
The bank said net profit more than doubled in the fourth quarter to 852 million Swiss francs compared with 259 million francs a year earlier, helping to boost full-year net profit to 3.4 billion francs. Revenue across the...
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