Credit Suisse shares tumble on weak earnings report

21st October 2010, Comments 0 comments

Switzerlands number two bank unexpectedly reports a 76 percent drop in earnings for the third quarter of 2010 - more than many analysts forecast - as low client activity and weaker investment banking business drag down revenues. CEO Brady Dougan, however, says Credit Suisse is well-positioned to benefit from rebounding markets and he downplays the impact of proposed Swiss financial regulations.

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