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Former Lehman adviser can keep bonus

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A former private wealth adviser for a unit of Lehman Brothers can keep a lucrative signing bonus he received from the firm three years before it collapsed, a securities arbitration panel has ruled.

C Suisse confident in U.S. unit

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Credit Suisse is betting it can turn around its unprofitable U.S. private wealth business with new loan products and a focus on the ultra-rich, a strategy greeted with scepticism by some securities analysts and former officials at the bank.