) reported strong third-quarter profits on Wednesday, helped by the Swiss bank’s wealth management and global markets businesses, giving a boost to CEO Tidjane Thiam as he tries to move on from a spying scandal.
“We have continued, in a challenging environment, to grow our wealth management franchises, increasing our revenues and gathering record net new assets of 72 billion Swiss francs across the Group year to date,” Chief Executive Tidjane Thiam said in a statement. Credit Suisse’s shares were down 2.6% compared with a 1.4% fall in Europe’s bank stock index [.SX7P] by 0927 GMT.
Thiam was cleared earlier this month of spying on star wealth manager Iqbal Khan after he left the bank for rival UBS , a scandal which rocked the staid Swiss banking establishment.
Source: Loan Digest (loandigest.net)
Of course it does. But has it turned over every single asset stolen from holocaust victims yet? May we look through its back rooms & safes to check?
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