Management Shakeup at Credit Suisse

The video discusses a management shakeup at Credit Suisse, with CEO Brady Dougan promoting Jim Amine and Tim O'Hara to enhance the influence of the security unit. Rolls Royce issues a profit warning, citing a 4% sales decline due to the global economic slowdown and Russian trade sanctions. Delta introduces a basic economy fare to compete with budget carriers, offering cheaper tickets with fewer amenities.

What was the main reason for the management change at Credit Suisse?

• To merge with another company

• To expand into new markets

• To enhance the influence of the securities unit

• To reduce costs

What factor did Rolls Royce cite as a reason for its profit warning?

• Technological advancements

• Global economic slowdown and Russian trade sanctions

• Rising production costs

• Increased competition

By how much does Rolls Royce expect its sales to fall?

• 2%

• 4%

• 8%

• 6%

What is a key feature of Delta's basic economy fare?

• Fewer amenities than standard Coach

• Same day flight changes

• Free seat upgrades

• Priority boarding

Which airline is Delta trying to compete with by offering a basic economy fare?

• JetBlue

• American Airlines

• Spirit Airlines

• United Airlines