Chief Executive Officer Thomas Gottstein is seeking to turn the corner after a series of setbacks overshadowed his first year in office, from loan losses to questionable dealings for a large client. While he simplified the organizational setup, including at the securities unit, and started a review of the asset management business, he’s been unable to stop a constant flow of bad news. In the latest hit, a impairment on a hedge fund stake and potentially surging legal provisions threaten to impact fourth-quarter earnings.

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