Credit Suisse Plans Investment Bank Trims, Not Teardown

The video discusses a strategic review focusing on the prime brokerage unit, which is expected to see capital reductions due to the Archegos scandal. The investment bank will face minimal job cuts, affecting less than 500 employees. Additionally, the bank is applying for an investment banking license in China, a significant opportunity in a $54 trillion market, following the footsteps of Goldman Sachs and JP Morgan.

What are the expected outcomes of the strategic review mentioned in the text?

How long has the review been in the making?

What significant financial loss is mentioned in relation to the archegos scandal?

What steps is the company taking to expand in China?

What is the size of the financial market that the company is looking to enter in China?