Lausanne, Switzerland (GenevaLunch) – The Banque Cantonal Vaudoise announced a 62% fall in gross profits during the first three months of the year, to CHF60 million. The sharp reduction was due to unrealized losses on trading in Swiss shares, with the bank taking pains to point out that it is not linked to the international subprime credit market.

Posted by Ellen Wallace on 8 May 2008 at 9:49 | permalink
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News story, GenevaLunch, 8 May 2008.

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  1. GenevaLunch » Blog Archive » Vaud bank sees 15% revenue fall, but says resisting crisis well Says:
    May 15th, 2009 at 3:29 pm

    [...] “BCV sees sharp profits drop,” 8 May 2008, GenevaLunch [...]

Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.