Results index

With growth hard to come by elsewhere in Credit Suisse’s global network, CEO Tidjane Thiam has turned to Asia. He has given Asia Pacific chief Helman Sitohang not only tough targets, but also a degree of autonomy. Can he deliver?

These are miserable times in Australian banking, which is suffering issues ranging from banking culture to credit quality as the commodity cycle ends. Commonwealth Bank has reputational issues around its CommInsure unit, while both ANZ and Westpac are under investigation for rate manipulation.

From Cyprus to Ireland, banks in Europe can boast some impressive turnaround stories. They now have the chance to help others and lead the wider transformation and consolidation that the sector so badly needs.

The country’s biggest banks are only just starting to feel the pain, and there could be far more to come.

Austrian market leader Erste Bank posted another set of healthy results in 2015 but the standout story of the year, in terms of both growth and profitability, belonged to Bawag PSK. The private equity-owned bank saw its bottom-line result jump by 26% year-on-year to €418 million, giving a sector-beating return on equity of 16.2% on the back of higher core revenues, lower operating expenses and a dramatic reduction in risk costs.

The big beasts of DCM are regaining market share just as sovereign issuers are being reminded how much they need the expertise and risk-management capabilities of their relationship banks.

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A botched move to take the distressed credit out of Credit Suisse and an ‘acceleration’ of the strategic plan give the impression the bank’s new leader is making it up as he goes along.

Extended results can be viewed here.

For many of the largest private banks 2015 was a year of restructuring and geographical retrenchment. Only a few global players remain. This year looks set to be just as turbulent, but will clients put up with yet more change?

UBS Wealth Management voted best global private bank; revenue outlook dimmer this year; asset management competition heats up.

Exclusion of leading US investment banks looks like a calculated move from Credit Suisse’s new CEO.

Credit Suisse is ditching its global ambitions in wealth management, suggesting that worldwide private banks have had their day.

Looks like the much-needed shake-up at Credit Suisse has finally come. Will it be a bank of three parts?

In a difficult market, Credit Suisse used its experience and innovation to stay ahead of the pack.

Credit Suisse stands out among its European and US peers, for both the strength of its origination business, and its advice to sellers and buyers alike.

The headline results of Euromoney's 2015 foreign exchange survey show the leading banks have been remarkably consistent, despite the upheavals in the sector. But, beneath the surface there are changes that will transform the competitive landscape of the industry. Deeper analysis of the survey results demonstrates that’s already starting to happen.

Citi retains top spot in Global FX as clients execute more than half electronically for the first time

Overall market share

Next month Credit Suisse Private Bank will be rolling out new digital capabilities in Asia, and April will see the launch of a tablet banking offering in Switzerland.

UBS pushed into second place; majority of private banks globally expect improved revenues in 2015.

Best private banking services overall

Hans-Ulrich Meister, chief executive of Credit Suisse Private Bank, talks about his firm’s geographical aims.

JPMorgan’s $100 million settlement of a currency manipulation lawsuit has sparked a flood of interest from potential new claimants, and marks a new victory in their fight for compensation, according to a leading lawyer involved in negotiations.

US growth, dollar appreciation, China slowdown and potential geopolitical fallout from lower oil prices: Michael Strobaek, global CIO for Credit Suisse Private Bank, discusses his firm's outlook for the year ahead.

In the past, it has been forced by regulators to raise capital unexpectedly. Nevertheless, as far as I am concerned, Credit Suisse is stuck in the middle of nowhere and has lost a huge amount of momentum since the tumultuous crisis era, when, ironically, it looked like the smart kid on the block. I have lost count of how many senior management re-organizations chief executive Brady Dougan has announced that juggle the same, long-serving employees but don’t seem to move the business forward. In mid-October, yet another Credit Suisse investment banking re-jig crossed the wires. Jim Amine and Tim O’Hara have been promoted to lead the division jointly with Gael de Boissard. They will join the executive board. Eric Varvel, who previously co-headed investment banking with de Boissard, changes his role to chairman of the bank’s Asia Pacific and Middle East regions. Amine, (advisory), O’Hara (equities), and de Boissard (fixed income) will each continue to look after their original areas of focus.

Shades of Gwyneth and Chris: Simon Robey and Simon Warshaw consciously uncoupled from Simon Robertson.

Credit Suisse’s $2.6 billion fine and criminal conviction in the US tax-evasion case raises many questions.

Does Swiss wealth management business really need an investment bank too?