Credit Suisse’s Wealth Management division (constituting 41% of total revenue) continued to thrive, as its efforts to refocus its business model on its global wealth management operations yielded results. We expect Credit Suisse to build on its good financial performance in 2018, as the bank remains focused on growing its Wealth Management operations, particularly in the Asia-Pacific region. The bank also remains on track to scale down its trading operations, as evident from the consistent decline in the bank’s trading assets post-2008 economic downturn. Wealth Management Will Continue To ThriveCredit Suisse’s Private Banking division saw its revenues increase to CHF 8.5 billion in 2018 – an increase of approximately 5% from 2017. Global wealth grew at 4.6% in 2018, higher than the average post-2008 economic crisis.

Source: Forbes February 28, 2019 19:41 UTC