Credit Suisse Sees Group, Investment Bank Loss in Second Quarter

The transcript discusses potential losses at an investment bank in the second quarter, highlighting concerns about market value and capital ratio. It attributes these losses to geopolitical issues like Russia's invasion of Ukraine, monetary policy tightening, and the unwinding of COVID stimulus measures. The transcript also notes the impact of market volatility on advisory and GTS revenues, with low capital market issuance and widening credit spreads affecting financial performance. Leadership changes and challenges faced by the group led by Goldstein are also mentioned.

What impact did the low levels of capital markets issuance have on the bank's performance?

Who is leading the group mentioned in the text, and what is their current situation?