Off to a flier

Brady Dougan’s reign at Credit Suisse has got off to a flying start. In his maiden quarter as chief executive, the Swiss bank grew earnings by 38%, leaving rivals to eat dirt. His former fiefdom, investment banking, grew particularly fast, raising pre-tax profits by 94%. The investment bank’s performance gives Dougan plenty of cause to celebrate. It makes Paul Calello appear a safe successor as divisional head. What’s more, it takes the division close to shaking off its cost and consistency gre...