Credit Suisse has seen a surge in profits during its third quarter, off the back of the sale of its InvestLab funds platform, and an increase in transaction revenues.

Private client wealth AUM was up 0.6 percent on last quarter to CHF 801.8 billion, contained in its Swiss Universal bank private client division (CHF 214.2 billion), its Asia Pacific private bank (CHF 222.4 billion) and the international wealth management private bank (CHF 365.2 billion). The latter serves Europe, the Middle East, Africa, and Latin Am...