Thiam Says Credit Suisse Trading Unit Did `Good Job' Considering Challenges

The transcript discusses the bank's strategy to grow revenue by focusing on wealth management, which has shown a 15% increase. The bank emphasizes moving capital from low-margin to high-margin businesses and targeting ultra-high-net-worth clients for broader relationships. Despite market challenges, the bank has managed to maintain asset levels and reduce costs significantly. Opportunities in wealth management are highlighted, especially in Asia, where the bank supports clients during economic downturns, reinforcing trust and client relationships.

How did the bank's performance in wealth management change in Q4 compared to previous quarters?

What strategies did the bank implement to support clients during economic downturns?