Credit Suisse’s third-quarter net income is down 21%, with fourth-quarter losses expected


Zurich-Credit Suisse saw a 21% decrease in third-quarter net income to CHF 434 million ($ 476 million). ..

Investment banking goodwill remaining on the balance sheet is expected to be impaired by approximately CHF 1.6 billion in the fourth quarter. This is primarily related to the 2000 acquisition of Donaldson, Rufkin and Jenlet and will be reported. Fourth quarter net loss.

($ 1 = 0.9122 Swiss francs)

Reuters

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