ZURICH (Reuters) – Credit Suisse profitability could be hit by a drop in asset management fees in the fourth quarter, the Swiss bank said in a financial report late on Wednesday.
Lower asset values because of adverse market movements in client portfolios in the third quarter could lead to decreased fee revenues for the group, thereby leading to reduced profitability, the bank said.
(Reporting by Noele Illien; Editing by David Goodman)
