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Credit Suisse reports first annual profit in four years

Swiss bank has seen a normalisation in market conditions so far this year

Credit Suisse swung to a profit in the fourth quarter and posted the first annual profit in four years.

Net profit for the quarter was CHF292m ($290m), the bank said on Thursday. This compares with a net loss of CHF2.13bn a year earlier, when a hit from US tax reform weighed down results.

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