Credit Suisse writes down $2.85B

• Story Highlights
• Credit Suisse to suspend traders in connection with overvaluation of assets
  
• Swiss bank is writing down $2.85 billion of its asset backed earnings
  
• The move will reduce earnings by $1 billion (€680 million) in the first quarter
  
• Shares in Credit Suisse dropped sharply Tuesday following the news
  
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