Credit Suisse CEO Thiam Sees Options for Bank on Brexit

The transcript discusses the impact of Brexit on the financial sector, highlighting the uncertainty in negotiations and the need for clarity. It outlines the restructuring efforts in London, including workforce reduction, and the bank's contingency plans in Europe, such as operations in Dublin and Luxembourg. The bank's historical adaptability to political changes is emphasized, showcasing confidence in adjusting to new regulatory regimes.

What is the main concern for the financial sector regarding the delay in Brexit negotiations?

• The increase in interest rates

• The lack of clarity on Brexit's implications

• The potential impact on trade agreements

• The rise in unemployment rates

Which city has been mentioned as a new center for financial activities due to Brexit?

• Madrid

• Dublin

• Berlin

• Paris

How have banks like Goldman Sachs responded to Brexit uncertainties?

• By increasing their workforce in London

• By starting contingency plans and exploring new hubs

• By reducing their investments in Europe

• By focusing solely on the UK market

What is the historical significance of banks in the context of political and regulatory changes?

• Banks have only recently started adapting to changes

• Banks have a long history of operating under various regimes

• Banks have always struggled with political changes

• Banks have been unaffected by regulatory changes

What is the confidence level of banks in adjusting to the final outcomes of Brexit?

• They are indifferent to the outcomes

• They are confident in their ability to adjust

• They are planning to exit the European market

• They are uncertain and worried