In 2006 Credit Suisse had a good idea. It decided to merge its four private banking subsidiaries (Clariden Bank, Bank Leu, Bank Hofmann and BGP Banca di Gestione Patrimoniale) and the securities dealer Credit Suisse Fides. In January 2007 the merger was completed and, lo, a new institution – Clariden Leu – came into being. Credit Suisse, which owns 88% of…
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