Credit Suisse bets on rebound in Europe amid fears of election shocks

Zurich

CREDIT Suisse Group AG is seeing a pickup in its private banking business in Europe as clients come out of hibernation to seek counsel on how to protect their fortunes from shock outcomes of coming national elections.

"I would expect Europe to rebound in profitability" for reasons including the political uncertainty, Iqbal Khan, head of international wealth management, said in an interview at the bank's headquarters in Zurich. "Clients need advice."