Profile: Credit Suisse's de Boissard on capital efficiency, Basel III and bank strategy
The adjustment bureau
When rival dealers spoke about Credit Suisse towards the end of last year, they did so with an awkward mix of pity and delight: the bank’s third-quarter earnings, released on November 1, showed the investment banking division had lost Sfr190 million ($199 million), and included a pledge to halve risk-weighted assets (RWAs) for the fixed-income business – the number from which capital is calculated.
In his accompanying presentation, the bank’s chief executive, Brady Dougan, explained why
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