Investment bank: Crunch time for Credit Suisse

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Does Swiss wealth management business really need an investment bank too?

Credit Suisse’s disappointing earnings once again raise doubts about whether or not a wealth management business and an investment bank go hand in hand. The question requires some big thinking from CEO Brady Dougan.

While Credit Suisse’s private banking arm increased assets by 12% year on year, its investment banking unit’s revenues dropped 11%, the main decline being in its...