Credit Suisse Faces 'Massive Downsizing' of Investment Bank

The video discusses the differences in investment strategies between UBS and Credit Suisse, highlighting UBS's alignment with wealth management and conservative approach, while Credit Suisse maintained a higher risk appetite. It also covers the impact on morale at UBS, where management focuses more on investor assurance than employee morale. Finally, it addresses the significant job cuts at Credit Suisse, with thousands of employees affected or leaving voluntarily.

What does the CEO's statement about 'massive cuts' imply for the future of UBS employees?

What has been the trend in employee departures at Credit Suisse recently?