UBS Chair Kelleher: Too Early to Tell on Job Cuts

The video discusses the strategic changes at Credit Suisse following its acquisition by UBS. UBS plans to phase out Credit Suisse's investment banking operations, focusing instead on wealth and asset management, which aligns with UBS's shareholder interests. The video also touches on the potential for job cuts, emphasizing the need for a thoughtful approach considering Swiss societal and economic factors. Credit Suisse is recognized as a valuable asset, and UBS is committed to maintaining its client service standards.

What is the primary focus of UBS's business model?

• Investment banking

• Insurance services

• Wealth and asset management

• Retail banking

How does Credit Suisse add value to UBS?

• By expanding UBS's retail banking

• Through its wealth and asset management capabilities

• By providing more investment banking opportunities

• By increasing UBS's insurance services

What is UBS's approach towards job cuts at Credit Suisse?

• No job cuts planned

• Immediate and extensive

• Outsourcing jobs to other countries

• Gradual and considerate

What factors will UBS consider when making decisions about job cuts?

• Global economic trends

• Competitor strategies

• Shareholder demands

• Swiss societal and economic factors

What is UBS's commitment regarding the service to Credit Suisse's clients?

• To transfer clients to other banks

• To focus solely on new clients

• To maintain and improve service efficiency

• To reduce service levels