Bailouts and emergency shore-ups for banks around the world have dramatically heightened the tension and shifted focus for third-quarter earnings.

Switzerland's banks are expected to issue bleak outlooks when they begin reporting third-quarter earnings this week. Major banks have pre-disclosed earnings after capital-raisings, so attention shifts to client outflows at UBS and to what Credit Suisse is doing to lower the volatility of investment banking profits as markets continue to wreak havoc on both, analysts say.