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Credit Suisse to wind down commodities trading
July 22, 2014 / 5:30 AM / 3 years ago

Credit Suisse to wind down commodities trading

ZURICH, July 22 (Reuters) - Credit Suisse said on Tuesday it was winding down its commodities trading to focus its resources on more profitable areas of its business.

In presentation slides accompanying the bank’s second-quarter earnings, Credit Suisse said it expected to achieve roughly $75 million in savings from the move and reduce risk-weighted assets by $2 billion. (Reporting by Joshua Franklin and Katharina Bart; Editing by Maria Sheahan)

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