Credit Suisse Hit Hardest By Credit Crisis In Russia
NEW YORK--The recent political and economic turmoil in Russia and other emerging economies has led to significant losses at global financial institutions, with the Zurich-based Credit Suisse Group leading the pack. Credit Suisse's mid-year profits have reportedly been reduced by $254 million as a result of exposures to Russia. Other firms hit by the global emerging markets crisis include Merrill Lynch, Chase Manhattan Bank, Salomon Smith Barney, Bankers Trust, Barclays Bank, Deutsche Bank and
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