Credit Suisse’s decision to disaggregate its annual and quarterly results by geography rather than by business activity makes it more difficult to get a consolidated view of its private banking and wealth management operations to provide a basis for comparison with its peers.
On first impressions, however, it seems that the Zurich-based bank performed much better than its peers, especially those that have a genuine global presence.
Aggregating the private client element of the Swiss Universal Bank (SUB) and the private banking components of International Wealth Management (IWM) and Asia Pacific produces total revenues...
