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Credit Suisse's investment banking side, however, "was awful," she added.
"It's mainly from a fall in revenue at the investment banking side, especially from equities".
He will be replaced by Ruth Porat, from the investment banking side of the firm.
This is happening to be the case on the private banking side, too," he said.
On the banking side the hold levels have come down post crisis.
On the investment banking side, he said, "they're being realistic about what they should pay people".
On the business banking side, its customers range from corporates to SMEs.
UBS's inclusion is intriguing: its investment banking side is listed as Carlton's financial adviser.
"We have laid down foundations for an agreement on the banking side," said Anders Borg, Sweden's finance minister.
"Both on the capital markets side and on the traditional banking side, B. of A. is under pressure".
The investment banking side and the Goldman Sachs Asset Management side are pretty clear with respect to firm mission and aligned compensation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com