This isn't really the way that investors want to see Credit Suisse boost profits.

The results seem quite strong and the cost commitment is visible.

The numbers aren't good at all, especially because of the costs. Even without what was recently disclosed, investment banking, wealth and. Asset management and even non-life insurance looks heavy on costs.

The reason for the disappointment is clearly the higher- than-expected expenses.

I don't think this is the moment to do sanctions, and I do think the sanctions may contribute to the opposite that we want to obtain, which is defusing of the crisis,

The middle and working classes are paying the debt that the financial markets created.