Credit Suisse’s epiphany is late and embarrassing

March 23, 2016

By adding cost cuts and lowering risk assets, the Swiss bank should make acceptable returns in 2018. Tidjane Thiam could have done more when he outlined his strategy in October. Instead, positions in illiquid assets have helped lose $1 billion – and the bank is on the back foot.

Credit Suisse replaces UBS in Swiss doghouse

June 15, 2012

The Swiss central bank has singled out Credit Suisse’s weak capital and called for a boost this year. That’s a shock for an institution used to favourable comparison with rival UBS. The regulator, not the central bank, has the last word. Even so, being a laggard brings risks.

Credit Suisse bows to Swiss National Bank pressure

July 18, 2012

A month after the central bank questioned its strength, the group is boosting capital by 8.7 billion Swiss francs. It hopes to earn a 15 percent return on equity through extra cost-cutting. But any sustained recovery requires investors to believe the capital rebuild is now over.

Credit Suisse delivers – but at a price

October 22, 2009

What’s not to like about Credit Suisse?

There seems very little not to like, if one judges by the Swiss bank’s third-quarter figures. These more than met investors’ expectations. Even stripping out tax gains and other non-operating items, Credit Suisse’s net profits came in at 2.4 billion Swiss francs against consensus forecasts of 1.6 billion Swiss francs calculated by Reuters.

Baer’s private banking treasure chest

September 24, 2009

Julius Baer's sale of a 37 percent stake in Artio, its asset management business gives it welcome financial firepower. Following the formal split from its GAM hedge fund, Baer will have the means to expand its eponymous private banking business as newer upstarts retreat, wounded, from the field.