Credit Suisse eyes return to US wealth management market

Pedro Gonçalves
clock • 1 min read

Credit Suisse is weighing a comeback to the US private banking market after a four-year absence with plans of a new Miami base mostly catering to wealthy Latin Americans. With the idea still in the early stages, no final decision has been made but talks have focused around adding $15bn of assets under management in Miami, with the Swiss banking bringing in up to 30 people, including control and support staff, to Florida, Bloomberg reports. Switzerland's second largest bank transfered its US brokerage to Wells Fargo in 2015 after being fined $2.6bn over a client tax evasion case. ...

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