Credit Suisse Profit Drops 34% in Quarter on Debt Trading Drag
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Credit Suisse Group AG, the second-biggest Swiss bank, reported a slump in first-quarter earnings as a drop in debt trading weighed on investment-banking profit.
The stock tumbled as much as 2.8 percent in Swiss trading after Credit Suisse said net income fell 34 percent to 859 million francs ($976 million) from a year earlier, missing the