Swiss banking giant Credit Suisse has reported a 72% dive in quarterly profits and expects a "challenging environment" in the near future.
Net profit in the three months to the end of December was 1.33bn Swiss francs ($1.21bn, Ј619m), a slightly worse performance than analysts expected.
But the bank said losses on sub-prime investments were 2bn Swiss francs last year, less than it originally expected.
Credit Suisse has been relatively unscathed by the sub-prime crisis.
Swiss rival UBS reported $18.4bn in losses last year on investments related to US sub-prime mortgages, and the problems meant it reported Gang steals French art in Zurich ...
Sub-prime woes push UBS into red ...
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UBS posts fresh $10bn write-down ... a full-year loss of 4.4bn Swiss francs.
Credit Suisse said its money management unit was doing well, attracting an extra 12bn Swiss francs in new funds during the fourth quarter.
(BBC)
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