Credit Suisse reveals further write-downs

Confidence in the banking sector received a fresh blow today after Swiss bank Credit Suisse revealed further write-downs.

Credit Suisse reveals further write-downs
Tue, 19 Feb, 2008 - 10:35

Confidence in the banking sector received a fresh blow today after Swiss bank Credit Suisse revealed further write-downs.

The group said an internal review found pricing errors by some traders meant it was cutting the value of its investments by $2.85bn (€1.9bn).

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CourtsBusinessHeathrowPlace: USPerson: David BuikPerson: BuikPerson: Richard HunterOrganisation: Credit SuisseOrganisation: Swiss bankOrganisation: BarclaysOrganisation: Lloyds TSBOrganisation: Royal Bank of ScotlandOrganisation: Cantor IndexOrganisation: Barclays’Organisation: Hargreaves Lansdown
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