Thiam Says Credit Suisse Trading Unit Did `Good Job' Considering Challenges

The transcript discusses the bank's strategy to grow revenue by focusing on wealth management, which has shown a 15% increase. The bank emphasizes moving capital from low-margin to high-margin businesses and targeting ultra-high-net-worth clients for broader relationships. Despite market challenges, the bank has managed to maintain asset levels and reduce costs significantly. Opportunities in wealth management are highlighted, especially in Asia, where the bank supports clients during economic downturns, reinforcing trust and client relationships.

What is the bank's approach to growing its business?

• Reducing client relationships

• Focusing on total revenue

• Targeting low-margin businesses

• Shifting to high-margin businesses

How did the bank address its trading units' challenges?

• By ignoring market conditions

• By expanding the global market unit

• By setting harsh capital targets

• By increasing the number of jobs

What was the bank's performance in Q1 2019 compared to Q4 2018?

• Much worse

• Slightly worse

• Much better

• Slightly better

What was a significant factor in the bank's wealth management success in Asia?

• High stock market performance

• Strong client support during downturns

• Focusing on European markets

• Reducing product range

Why is it important for the bank to support clients during tough times?

• To reduce operational costs

• To increase short-term profits

• To maintain trust and client loyalty

• To focus on new client acquisition