Credit Suisse Group, Zurich, took another sizable commercial mortgage-backed securities writedown during the first quarter but fared well in several other areas including secondary trading of U.S. residential mortgage-backed securities. The company said it took 1.4 billion Swiss francs ($1.2 billion) in commercial mortgage-backed securities writedowns during the period. Strong results in secondary trading of U.S. RMBS and other areas allowed the company as a whole to generate 2.0 billion Swiss francs ($1.7 billion) in net profit during the quarter.
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