Credit Suisse: Join the club

Credit Suisse is feeling the pain too. The Swiss bank kept its head down for most of the summer as rivals frantically sought bail-out partners and government capital. Rather than a quiet show of strength, it turned out to be the calm before the storm. Credit Suisse posted a SFr1.3bn net loss for the third quarter on October 23, revealing unexpected weakness in an investment bank that supposedly was being shaped to rise above the competition. The headline loss figure was flagged last week - but ...