Credit Suisse CEO Thiam Says Climate Is Better for Banks

The transcript discusses a bank's financial losses, legal settlements, and the impact of market uncertainty on trading. It highlights the current banking environment, market sentiment, and the effects of deregulation. The bank's performance, bonus distribution, and talent retention strategies are also covered. Additionally, the transcript addresses geopolitical factors, including the French elections, Italian and German turmoil, and Brexit, emphasizing the need for flexibility and adaptability.

What was the amount of the settlement with the Department of Justice?

• 2.35 billion Swiss francs

• 11.9 billion dollars

• 5.3 billion dollars

• 2.17 billion dollars

How does removing big uncertainties affect trading?

• It creates more impediments for long-term decisions.

• It is always detrimental to market conditions.

• It is beneficial for medium and long-term decision-making.

• It has no impact on trading.

What is the return on capital in global markets Americas?

• 10%

• 13%

• 15%

• 30%

How many deals were completed in Q1?

• 117

• 19

• 63

• 30

When will the bonus pool details be published?

• March 24th

• May 15th

• June 30th

• April 1st

What is the company's stance on Brexit?

• They have a fixed plan.

• They are moving all operations to the US.

• They are flexible and have operations in the EU.

• They are closing their UK operations.

What is the company's approach to retaining talent?

• They aim to motivate and retain resources.

• They only focus on hiring new talent.

• They do not focus on talent retention.

• They outsource all talent needs.