Bloomberg Originals
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Credit Suisse Beats Estimates and Swings to Profit
Posted
July 23, 2015
Views
1,170
Likes
5
Engagement
0.43%
July 23, 2015
1,170
5
0.43%
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2:23Now PlayingJuly 23 -- Credit Suisse Group AG beat analyst estimates for profit in the months before Chief Executive Officer Tidjane Thiam came on board, overcoming a decline in investment banking with help from wealthy clients in Asia. Switzerland’s second-biggest bank swung to a profit of 1.05 billion francs ($1.1 billion) after posting a loss of 700 million francs a year earlier, when it was fined in the U.S. for helping Americans evade taxes.
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