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CSFB posts 84% rise in profits since March

Credit Suisse First Boston's net profits rose 84% quarter-on-quarter to $296m (€261m) as its parent Credit Suisse Group beat expectations for the second quarter.

CSFB's net profits for the second quarter compared even more favourably with the same period last year when it earned $61m. The investment bank's net profits for the first half of the year were $457m.

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