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Credit Suisse posts upbeat results

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Credit Suisse posts upbeat results

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Strong investment banking earning helped Credit Suisse produce better than expected profit in the second-quarter.

Its net profit of just over one billion euros came despite accounting charges and one-off items. Credit Suisse, which has overtaken UBS as Switzerland’s largest bank by market value, has proved resilient in the subprime crisis. It is though predicting trading conditions will remain tough.