Credit Suisse Cuts Bonus Accruals After Archegos Hit

The video discusses the financial impact of Archegos and Greensill on Credit Suisse, highlighting the strategic decisions and leadership changes needed to address these challenges. It explores the future of the investment bank, the necessity of restructuring, and the dynamics of team retention. The video also touches on Credit Suisse's growth in prime brokerage and the challenges it faces in maintaining this momentum.

What factors should be considered when evaluating whether to maintain an investment bank within a wealth management firm?

In what ways could the restructuring at the top of the house impact the overall performance of the bank?