Brazilian bank Itaú attributed the 58% jump in quarterly net profits to one-time gains and higher lending. Net profits totaled 2.03 billion reais ($1.15 billion) in the quarter versus 1.28 billion reais a year ago. The Swiss bank and financial services company Credit Suisse posted quarterly net revenue decline of 13% from a year ago, while net revenue for the year increased 6% to 40.9 billion francs ($37.2 billion). |
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