New Credit Suisse CEO Says Start of Job Was `Baptism of Fire'

The new CEO discusses the company's first earnings results, highlighting a baptism of fire due to significant provisions and markdowns. Despite challenges, the company achieved a record net income. The CEO outlines economic assumptions, predicting recessions in the US, Europe, and Switzerland, and discusses the impact of lockdowns. Transaction income remains strong despite market fluctuations.

What was the record net income achieved by the company?

• 1.3 million

• 1.3 billion

• 1.3 trillion

• 1.3 thousand

What does the $1 billion reserve build consist of?

• Only mark-to-market losses

• Only credit provisions

• Credit provisions and mark-to-market losses

• Only sessile related write downs

Which regions are expected to experience a recession according to the economic assumptions?

• Only Europe

• Only the US

• The US, Europe, and Switzerland

• Only Switzerland

What is the basis for the economic assumptions regarding lockdowns?

• Rapid removal of lockdowns

• Slow removal of lockdowns

• Immediate removal of lockdowns

• No removal of lockdowns

How did transaction income trading perform in April?

• Volumes were unpredictable

• Volumes stabilized and revenues remained strong

• Volumes increased significantly

• Volumes decreased significantly