Credit Suisse: tortoise banking

Credit Suisse’s slow and steady approach may yet win the race. It seems to be working so far for the Swiss bank. While most bank bosses a few months ago were optimistically spotting the end of the credit crunch, Credit Suisse Chief Executive Brady Dougan was warning of more trouble ahead. He seems to have planned accordingly. Second-quarter profit fell 62% from a year ago, but that was far less than analysts had been expecting and reversed a loss from the first quarter. The private bank also att...