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Credit Suisse boosts asset cuts amid concerns over capital

Credit Suisse on Thursday posted net income of 921 million francs for the fourth quarter, compared with a 476 million franc loss in the year-earlier period.


CREDIT Suisse Group, under pressure to boost capital, increased its planned asset reductions and proposed a dividend payable either in shares or cash.

Switzerland's second-biggest bank on Thursday posted fourth-quarter net income that amounted to 921 million francs (S$1.34