Credit Suisse Cuts Bonus Accruals After Archegos Hit

The video discusses the financial impact of Archegos and Greensill on Credit Suisse, highlighting the strategic decisions and leadership changes needed to address these challenges. It explores the future of the investment bank, the necessity of restructuring, and the dynamics of team retention. The video also touches on Credit Suisse's growth in prime brokerage and the challenges it faces in maintaining this momentum.

What were the two major losses that affected Credit Suisse's financial performance?

• Archegos and Greensill

• Lehman Brothers and Enron

• Bear Stearns and WorldCom

• Madoff and Fannie Mae

What strategic decision is Credit Suisse facing regarding its investment bank?

• Whether to expand into new markets

• Whether to focus solely on retail banking

• Whether to merge with another bank

• Whether to maintain or cut the investment bank

Who is the new chairman expected to join Credit Suisse?

• Lloyd Blankfein

• Christian Meissner

• Antonio Horta-Osorio

• Jamie Dimon

What is one of the challenges Credit Suisse faces with its restructuring efforts?

• Reducing its real estate footprint

• Expanding its retail banking operations

• Retaining talent amidst bonus cuts

• Increasing its market share in Asia

What was Credit Suisse's position in prime brokerage before the recent challenges?

• Losing market share

• Struggling to gain clients

• Focusing on retail clients

• Punching above its weight