Credit Suisse CEO on Inflows, Material Weakness

The transcript discusses the recent outflows and inflows in the wake of SVB, highlighting the calmness and positive client meetings. It addresses financial reporting issues, acknowledging a material weakness and the role of PwC. Shareholder concerns are discussed, emphasizing the execution of a three-year strategic plan despite a low share price. The transformation and future plans are outlined, including expected losses and restructuring costs. The timeline for Credit Suisse First Boston's IPO is confirmed, with ongoing efforts to find investors. The importance of client trust and communication is stressed, with efforts to address outflows and build momentum.

What is the significance of the LCR ratio mentioned in the context of the bank's stability?

What challenges does the bank face in regaining client trust?

How does the bank plan to manage its share price issues?