Credit Suisse Plans Investment Bank Trims, Not Teardown

Credit Suisse Plans Investment Bank Trims, Not Teardown

Assessment

Interactive Video

Business

University

Hard

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The video discusses a strategic review focusing on the prime brokerage unit, which is expected to see capital reductions due to the Archegos scandal. The investment bank will face minimal job cuts, affecting less than 500 employees. Additionally, the bank is applying for an investment banking license in China, a significant opportunity in a $54 trillion market, following the footsteps of Goldman Sachs and JP Morgan.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the primary focus of the strategic review discussed in the video?

Increasing investment in technology

Hiring more personnel

Expanding into the European market

Reducing capital from the prime brokerage unit

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many job cuts are expected in the investment bank division?

None

More than 1000

Less than 500

Exactly 750

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the size of the investment bank division mentioned in the video?

5,000 employees

25,000 employees

17,500 employees

10,000 employees

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What significant step is the bank taking to enter the Chinese market?

Applying for an investment banking license

Launching a new product line

Partnering with a local bank

Opening a new headquarters

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which major financial institutions are mentioned as having already entered the Chinese market?

HSBC and Barclays

Goldman Sachs and JP Morgan

Bank of America and Citibank

Deutsche Bank and Credit Suisse