Credit Suisse’s new boss is off to the best possible start

The numbers: Strong. The Swiss banking group comfortably beat expectations, recording a net profit of 1.1 billion Swiss francs ($1.2 billion) in the second quarter. That was the second-consecutive billion-franc quarter and represents a big swing from a loss in the same quarter last year, when the bank was hit by a big legal fine for helping American clients evade taxes.

The takeaway: New chief executive Tidjane Thiam (pictured above) couldn’t have asked for a better start to his tenure....

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