Investment bankers used to be the masters of the universal banks, earning money that made everyone else green with envy.
But no longer: now, even when they’re doing well, they have to know their place.
In December, a gaggle of Credit Suisse business leaders from around the world stood in front of investors in Canary Wharf to tell them how brilliantly they were performing.
Investing the riches of very wealthy company owners in Asia – and lending them money – is ground zero for the Swiss bank’s new business model.
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