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Credit Suisse results disappoint

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Credit Suisse results disappoint

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Credit Suisse has released first quarter results which analysts said were disappointing compared with those from its peers in the US.

Switzerland’s second-largest bank posted a first quarter net profit of1.43 billion euros.

It did report good news in terms of new money being invested by wealthy clients.

That was nine billion euros, more than double the amount in the previous quarter.

Credit Suisse shares fell 4.7 percent.