Credit Suisse Saw $69 Billion of Outflows in 1Q

The video discusses the significant fund outflows from Credit Suisse, amounting to 61 billion Swiss francs, and the liquidity support from the SNB. It highlights the challenges in wealth management and client retention, contrasting the ease of moving deposits with the complexity of shifting wealth management relationships. The video also covers Credit Suisse's strategic changes, including the termination of the Client Group acquisition and the integration with UBS, focusing on downsizing investment banking to enhance wealth management. Despite the challenges, the situation is not as severe as expected.

What was the amount of funds that exited Credit Suisse, as mentioned in the first section?

• 100 billion Swiss francs

• 61 billion Swiss francs

• 50 billion Swiss francs

• 110 billion Swiss francs

What is the main challenge in moving wealth management clients compared to deposits?

• Wealth management clients require more paperwork

• Deposits are more complex to transfer

• Wealth management relationships are deeply rooted and complex

• Deposits involve higher fees

What strategic decision did Credit Suisse make regarding the Client Group?

• They outsourced the Client Group

• They merged the Client Group with UBS

• They terminated the acquisition of Client Group

• They expanded the Client Group

What percentage of the investment bank is planned to be downsized within Credit Suisse?

• 10%

• 25%

• 75%

• 50%

What was the expected outflow of funds according to City, and how did it compare to the actual outflow?

• Expected 50 billion, actual 61 billion

• Expected 110 billion, actual 61 billion

• Expected 61 billion, actual 110 billion

• Expected 100 billion, actual 50 billion