Credit Suisse Says Capital Discussion Now ‘Off the Table’

The transcript discusses the fallout from Archegos and the measures taken to address the issues, including exiting positions and raising capital through a convertible bond. The decision to use a convertible bond was driven by the need to achieve a 13% CT1 ratio. Risk reduction measures in the prime brokerage business are underway, with plans to reduce leverage exposure significantly. The financial impact of Greensill is being managed, with efforts to recover cash for investors. Reviews are ongoing, but no further personnel changes are anticipated at this time.

What is the current status of the financial situation with Greensill Capital?

What is the outcome of the investigations being conducted by the board?