© Reuters. FILE PHOTO: The emblem of Swiss financial institution Credit score Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann
ZURICH (Reuters) – Credit score Suisse profitability may very well be hit by a drop in asset administration charges within the fourth quarter, the Swiss financial institution stated in a monetary report late on Wednesday.
Decrease asset values due to adversarial market actions in shopper portfolios within the third quarter may result in decreased payment revenues for the group, thereby resulting in lowered profitability, the financial institution stated.
