Credit Suisse

The bank's asset management arm will introduce products “where they exhibit efficiency advantages over index funds.”

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.

Credit Suisse is pushing deeper into the ranks of billionaires, putting it into closer competition with larger rival UBS.

The venture would mark a return to private banking on U.S. soil after an agreement to transfer its U.S. brokerage to Wells Fargo in 2015.

It’s the latest victory for brokers fighting to reclaim pay withheld by a former employer.

More than 25% of the products were sold with shorter or static maturities in the first quarter, compared with only 10% for the same period last year.

In the U.S., investors pulled $174 billion out of active equity funds last year as stock pickers struggled to outperform their benchmarks.

It’s the second big loss for Credit Suisse, which is fending off dozens of claims from former brokers claiming their compensation was withheld.

Advisor Brian Chilton’s $844,000 arbitration award could herald more losses for the firm.

These expense ratios were closer to the average fund fee in 1996.

To get back into investors’ good graces, funds have had to alter traits like their liquidity, fees and even their overall structure.