Herro Sees No Reason to Question Credit Suisse CEO at This Time

The transcript discusses a raid at Credit Suisse's Zurich office related to Greensill, emphasizing that the bank is not involved in the probe. It highlights the leadership's role in risk control and the potential for Credit Suisse to stand alone or be taken over by UBS. The discussion also covers the bank's business model, investment banking challenges, and strategic options for future growth.

What was the main focus of the raid in Zurich related to Greensill?

• To investigate Credit Suisse's involvement

• To find specific documents or individuals

• To assess the financial stability of Credit Suisse

• To evaluate the new management's performance

What is the role of the chairman and board in relation to the CEO at Credit Suisse?

• To manage daily operations

• To ensure the CEO builds shareholder value

• To oversee marketing strategies

• To handle customer relations

What are the two main areas Credit Suisse needs to focus on to improve its investment bank?

• Marketing and customer service

• Expanding into new markets and hiring more staff

• Reducing costs and increasing loans

• Risk control and earning appropriate returns

What strategic option is mentioned for Credit Suisse to enhance its competitiveness?

• Focusing solely on retail banking

• Merging with a technology company

• Collaborating with UBS

• Expanding into Asia

What is the overall sentiment towards the strategy laid out by the chairman of Credit Suisse?

• Skeptical and uncertain

• Content and supportive

• Indifferent and neutral

• Critical and opposed