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Fourth-Quarter and Full-Year 2007 Results (revised)
Completion of review related to revaluation of certain ABS positions. Credit Suisse Group reports income from continuing operations of CHF 7.8 billion for 2007
March 20, 2008 - Credit Suisse Group today announced the completion of an internal review related to the revaluation of certain asset-backed securities positions in the Collateralized Debt Obligations (CDO) trading business within its Investment Banking division. Credit Suisse recorded a total valuation reduction of CHF 2.86 billion (USD 2.65 billion), of which CHF 1.18 billion is related to the fourth quarter of 2007, and CHF 1.68 billion to the first quarter of 2008. Net income for Credit Suisse for the fourth quarter and full-year 2007 has been revised by CHF 789 million to CHF 540 million, and CHF 7,760 million, respectively.
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Press Release |
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Press Release |
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Press Release |
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Presentation Slides, March 20, 2008 |
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184 KB |
8 Pages | |
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Presentation slides 4Q07 (revised) |
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711 KB |
49 Pages | |
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Financial Review 4Q07 (revised) |
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289 KB |
44 Pages | |
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Financial Statements 4Q07 (revised) |
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293 KB |
46 Pages | |
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Spreadsheets (revised) |
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253 KB |
1 Page | |
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Annual Report 2007 |
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1 Page |
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Annual Report 2007 |
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Previous Financial Reports are available in the Reports Archive.
Audio Webcast Replay
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Telephone conference for analysts and media |
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