Legal costs depress Credit Suisse

Net profits from Credit Suisse's institutional securities division - its investment banking arm - fell 18% to Sfr1.1bn (€700m) last year as legal provisions wiped out higher revenues.

Revenues at the institutional securities division, which includes underwriting, advisory and trading, rose 15% to Sfr15.1bn in the year to last December.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

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