New Credit Suisse a Simpler, More Stable Bank, CEO Says

The video discusses Credit Suisse's new strategy, focusing on simplifying and stabilizing the bank to ensure sustainable profitability. Key actions include restructuring the investment bank, reducing costs, and strengthening the capital base. The bank aims to become profitable by 2024, despite market challenges. Conversations with shareholders emphasize capital strategies, and the plan includes significant job cuts to achieve cost savings.

What is the primary goal of the new credits announced by the bank?

• To increase the number of clients

• To simplify and stabilize the bank

• To expand into new markets

• To reduce the number of employees

Which of the following is NOT one of the three main areas of decisive action?

• Expanding into new geographical regions

• Significantly reducing costs

• Radical restructuring of the investment bank

• Strengthening the capital base

What is the expected timeline for the bank to become profitable?

• By mid-2025

• From 2026 onwards

• By the end of 2023

• From 2024 onwards

How does the bank plan to address the execution risks associated with the market environment?

• By increasing the number of investments

• By adopting a conservative planning approach

• By planning aggressively

• By ignoring market changes

How many job losses are expected as part of the cost reduction strategy?

• 9000 by 2025

• 5000 by 2024

• 2000 in the next two years

• 12000 by 2026