Mack Says Banks Will Become More Conservative on Risk

The video features an interview with John Mack, former CEO of Morgan Stanley, discussing his experiences and challenges at Credit Suisse, the UBS takeover, and the evolving landscape of risk management in banking. Mack reflects on leadership during crises and the potential impacts of banking mergers, emphasizing the importance of trust and transparency in financial services.

Who is the former CEO of Morgan Stanley discussed in the interview?

• James Gorman

• David Weston

• Calm Kelleher

• John Mack

What was one of the main challenges John Mack faced at Credit Suisse?

• Insufficient capital

• Board disagreements

• Lack of investment opportunities

• High employee turnover

What is a key factor in building a successful financial service business according to John Mack?

• Bank secrecy

• Global expansion

• High-risk investments

• Trust and transparency

What is expected to change at Credit Suisse under UBS's leadership?

• Increased focus on bank secrecy

• Expansion of investment banking

• Reduction in risk-taking

• Closure of international branches

How does John Mack describe the future profile of the combined UBS and Credit Suisse?

• Smaller and performance-focused

• More risk-oriented

• Larger and more secretive

• Primarily investment banking

What quality does John Mack emphasize as crucial for leaders during a crisis?

• Calmness

• Stupidity

• Indifference

• Aggressiveness

Who is highlighted as a key leader in managing UBS's acquisition of Credit Suisse?

• Calm Kelleher

• David Weston

• Hank Paulson

• James Gorman