It is a pivotal week for the Swiss banking industry, with Credit Suisse poised to overtake its arch rival UBS in terms of earnings. Wealth management underpins both banks and their success in tapping Asia's emerging rich could determine which ends up on top.

This could be the week Credit Suisse emerges from more than a decade in the shadow of local rival UBS. The former's full-year results, released today, set a tough target for UBS not least in the all-important area of wealth management.