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Squeezed middle: why Credit Suisse thinks the mid-tier is in trouble
by Elsa Buchanan on Mar 25, 2014 at 07:24
Dembinski pointed to credit services as another important driver of growth. ‘As banks in the UK have tended to withdraw their balance sheets, banks such as Credit Suisse, which have very strong capital ratios, still have a considerable appetite to provide mortgages and loans against client assets.
‘We are picking up a lot of business from a domestic bank environment where others seem to be retreating.
‘The bankers that have come over from Morgan Stanley have increased the wingspan of our client base in a way that is difficult to do with the same speed organically,’ he added.
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