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by esja 1185 days ago
What? CS has a massive retail bank. It’s their most profitable division and has existed for 150+ years.
1 comments
rluhar 1185 days ago
Wealth Management is not the same as retail banking.

"The Wealth Management division offers comprehensive wealth management and investment solutions and tailored financing and advisory services to ultra- high-net-worth (UHNW) and high- net-worth (HNW) individuals and external asset managers"

Reference: https://www.credit-suisse.com/about-us/en/our-company/struct...

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esja 1185 days ago
How is that relevant? You said: "It does not have a significant retail presence." Meanwhile, CS does have a massive retail presence, in Switzerland, and has done for 150+ years.
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rluhar 1185 days ago
Fair enough. I stand corrected. Thank you.
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