
U205 Solid state relay
Features:
Non-junction switch, long usage life
Controlling voltage among 3-5V, controlled voltage can reach to 380V
100% Factory Tested.
Package:
Product ID dimensions: Net Weight Cross Weight
U205-A 110g
U205-B 10g
U205-C 310g
U205-D 20g
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Credit Suisse may seem as tasty a morsel fuel dispenser as the chocolates in
Lindt & Sprüngli s window, across the Paradeplatz from the bank s headquarters. But Oswald Grübel, the
chief executive, dismisses that idea with a puff of cigar smoke. Despite the takeover panic affecting many
European banks, even of greater size, Credit Suisse needs no transformational deal, he insists. In fact it
was glad this year to get rid of Winterthur insurance, which it bought in 1997 in the hope of succeeding as
a financial conglomerate; it didn t.
Now the mantra is cost-cutting and streamlining, focusing on the core strengths of the second-biggest
Swiss bank private banking, investment banking and asset management. Under a “one bank�strategy it
has erased the name of its investment-banking subsidiary, Credit Suisse First Boston. Despite only
middling performance since this strategic change, and a low market valuation (around 11 times earnings),
the bank s management is convinced it will now improve more rapidly than UBS, its bigger and more
successful Swiss rival. UBS is already “priced for perfection�says a Swiss private banker, whereas Credit fuel dispenser
Suisse, if the strategy holds, is likely to show gains.
The bank is barely gaining market share in the hard-fought investment-banking markets, but it is cutting
costs. And it has been adding to its private-banking and institutional assets under management. That is
despite a dip in America, where it had an outflow of around $60 billion of managed assets between 2000
and 2004.
Mr Grübel makes much of efforts to cross-sell products between the bank s three divisions, for example
selling investment-banking services fuel dispenser to private-banking clients and vice versa. Initial results have been
encouraging the bank says 100 cross-selling deals have been done this year.
There is an incentive scheme whereby a banker who brings a deal to another department is allocated a
bonus from a “single global currency pool� Mr Grübel thinks that the bonus system should eventually go