Credit Suisse says private banking unit ‘solidly profitable’
Credit Suisse’s private banking operations were “solidly profitable” during October and November, chief executive Brady Dougan said on Thursday, according to a Bloomberg report.
In a conference call, Dougan said that the Swiss bank’s wealth management unit had “solid” new asset inflows so far, adding it will “judiciously invest in the growth of private banking globally”, pointing to the hiring of 370 new client advisers so far this year.
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