Credit Suisse

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.

Retail interest in ETPs tied to volatility has dimmed since early February when the S&P 500 tumbled 8.5%.