Credit Suisse Says Investment Bank Doing Well

The transcript discusses Credit Suisse's efforts to refocus the market on achievements rather than inherited problems. It highlights financial targets, including a 10-12% profit goal and increased wealth management targets. The company plans share buybacks and addresses dividend policies. The investment bank's performance and restructuring are noted, with challenges from hedge fund write-downs and litigation. CEO Gottstine aims to centralize control, address legacy issues, and invest in private markets, onshore China, and IT infrastructure.

What challenges did the investment bank face in the third quarter compared to its peers?

What areas is Credit Suisse looking to invest in for future growth?