Credit Suisse

It took Credit Suisse’s chairman 19 meetings to woo Tidjane Thiam and one board meeting to say goodbye.

“We saw a deterioration in terms of trust, reputation and credibility among all our stakeholders,“ Urs Rohner said

There are indications that the bank may be looking to expand its toehold in the U.S. wealth management market after abandoning it in 2016.

The advisor switched firms only to see his new employer close shop 18 months later.

The top brass being unaware of this stuff happening on their watch doesn’t inspire confidence.

The advisors had won $1.6 million in back pay and fees in a case decided last month.

The move underscores wealth managers’ increasing focus on the not-yet-fabulously rich to boost profitability.

It’s the sixth time so far this year that former Credit Suisse advisors have won damages against the firm.

When an unusual recruiting deal between Credit Suisse and Wells Fargo went awry, years of broker frustration, severe attrition and litigation followed. Also at stake: Up to $245 million in back pay.

The U.S. minted more than than half the world’s new millionaires last year as investments in equities and tech stocks propelled assets higher.