Credit Suisse Exits Distressed-Debt Trading as Bank Cuts Risk

Credit Suisse is currently facing financial challenges, with a significant reduction in its investment positions compared to a decade ago. The bank is focusing on exiting risky, capital-intensive areas to concentrate on wealth management and core investment banking. Despite a drop in stock value and investor skepticism, there is hope for a turnaround, similar to Deutsche Bank's recovery. Credit Suisse's long-standing brand presence in Switzerland is a potential asset in overcoming current difficulties.

What is the significance of the brand of Credit Suisse in the context of its history?

What does the future hold for Credit Suisse according to the text?