Credit Suisse CEO on Covid-19 Impact, Market Volatility

The transcript discusses the impact of potential lockdowns on the economy and markets, emphasizing the importance of maintaining employee motivation through communication. It outlines plans for a share buyback, contingent on economic conditions, and details strategies for asset management and cost restructuring. The focus on diversity and inclusion in hiring is highlighted, along with efforts to manage wealth management margins and growth, particularly in Asia.

What is the expected impact of lockdowns on the economy according to the interview?

• It will not be great for the economy.

• It will have no impact.

• It will have a positive impact.

• It will lead to a boom in the economy.

How does the company plan to keep employees motivated during the pandemic?

• By reducing work hours.

• By maintaining communication through Zoom calls and emails.

• By increasing salaries.

• By offering more vacation days.

What is the company's stance on resuming share buybacks?

• They have already resumed it.

• They plan to resume it in the new year.

• They will resume it only if the economy improves.

• They have no plans to resume it.

What proportion of the company's asset management strategies are in alternatives?

• 2/3

• 3/4

• 1/2

• 1/3

What is one of the key focuses for the company's growth in asset management?

• Cutting down on sustainability

• Reducing digitalization

• Growth in China and Asia

• Expansion in Europe

What is the company's target for increasing black talent in senior levels over the next three years?

• Double the current number

• No specific target

• Triple the current number

• Increase by 10%

How has the company managed to maintain stable gross margins?

• By reducing transactional revenues

• By cutting down on client business volume

• By having less exposure to US interest rates

• By increasing exposure to US interest rates