Credit Suisse Sees Group, Investment Bank Loss in Second Quarter

The transcript discusses potential losses at an investment bank in the second quarter, highlighting concerns about market value and capital ratio. It attributes these losses to geopolitical issues like Russia's invasion of Ukraine, monetary policy tightening, and the unwinding of COVID stimulus measures. The transcript also notes the impact of market volatility on advisory and GTS revenues, with low capital market issuance and widening credit spreads affecting financial performance. Leadership changes and challenges faced by the group led by Goldstein are also mentioned.

What is the investment bank's capital ratio target despite potential losses?

• 12%

• 16%

• 10%

• 14%

Which geopolitical event is mentioned as a cause for market volatility?

• Brexit

• Russia's invasion of Ukraine

• US-China trade war

• Middle East conflict

What region is specifically noted for client deleveraging?

• Europe

• Latin America

• North America

• APAC

What financial factor is contributing to the bank's poor performance in April and May?

• Strong customer flows

• Increased government spending

• Low levels of capital markets issuance

• High interest rates

Who is leading the group facing these challenges?

• Johnson

• Brown

• Smith

• Goldstein