Credit Suisse CEO Thiam Pledges $1B More Cost Cuts

The video discusses a bank's need to adjust its turnaround plan due to market conditions, focusing on cost-cutting over revenue growth. It highlights skepticism from analysts and pressure from investors for more aggressive cost reductions. Additionally, it covers a settlement in the Euribor fixing probe involving major banks like JP Morgan, HSBC, and Credit Agricole, noting the fines and potential appeals.

What adjustments were mentioned regarding the turnaround plan?

What were the analysts' opinions on the growth assumptions laid out a year ago?

How did the market react to the cost-cutting measures proposed?

What was the nature of the settlement in the Euribor fixing probe?

What potential actions might the banks take regarding the fines imposed?