Oct 23 Bulgaria 2 Report from London Nejra Cehic

Credit Suisse's profit more than doubled in the third quarter, driven by a rise in fixed income trading. However, its private banking and wealth management division saw a decline. Unlike UBS, which focuses on managing money for the wealthy, Credit Suisse plans to balance capital allocation between its investment bank and wealth management. The bank aims to expand its wealth management unit through acquisitions and organic growth while reducing its investment bank. Analysts have urged Credit Suisse to focus more on wealth management to boost returns and capital. The bank lags behind competitors after being fined for tax evasion.

What was the main factor that led to Credit Suisse's profit doubling in the third quarter?

• A rise in fixed income trading

• A decrease in operational costs

• An increase in private banking profits

• A merger with UBS

How does Credit Suisse's reliance on its investment bank compare to UBS?

• Both rely equally on their investment banks

• Neither relies on their investment banks

• Credit Suisse relies more on its investment bank

• UBS relies more on its investment bank

What is Credit Suisse's plan for capital allocation?

• Allocate equally between investment banking and wealth management

• Focus solely on investment banking

• Invest more in private banking

• Reduce capital in all sectors

What strategy is Credit Suisse adopting to expand its wealth management unit?

• Through smaller acquisitions and organic growth

• By increasing investment in fixed income trading

• By merging with UBS

• By cutting costs in private banking

Why are analysts urging Credit Suisse to focus more on wealth management?

• To reduce operational costs

• To compete with UBS in investment banking

• To improve returns and strengthen capital

• To increase their market share in fixed income trading