CS Starts Private Banking in Mexico

Credit Suisse has launched a domestic private banking business in Mexico through its Banco Credit Suisse unit. The business will focus on offering advice and investment products and services to high-net worth individuals and families, entrepreneurs, and medium and large-family business owners. Despite the economic slump, the Swiss bank says that this segment is growing in Mexico. Credit Suisse has had a presence in Mexico for more than 30 years, primarily in investment and commercial banking. It established a broker dealer in 2002.