The second-largest Swiss bank, Credit Suisse, reported a surprisingly profitable third quarter. With a profit of 1.025 billion Swiss francs ($1.07 billion), the year-over-year figure has more than doubled. During the third quarter of 2013, the bank recorded a profit of 454 million francs. While the results signal an ascending trend, Credit Suisse CEO maintains a cautious attitude regarding the … [Read more...]
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