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Best Global bank: Credit Suisse |
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Also nominated: Barclays, HSBC and Santander |
There’s a widespread belief that Credit Suisse was the bank that reacted best to the financial crisis that began in the autumn of 2007. It’s broadly correct. Few, if any banks, were as aggressive in selling down positions in distressed assets and exiting business lines that now look like a relic of the past.
But Credit Suisse was simply accelerating a strategy that it had formulated even before the crisis hit.
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