Loss of Trust Led to Thiam's Exit, Credit Suisse Says

The transcript discusses the aftermath of TM's replacement and the ongoing issues within the company. Mr. Rona provides insights into the board's actions, which were prompted by repeated spying incidents. The board's swift response aimed to address the company's declining reputation. The promotion of Thomas Gottstein, an insider, is seen as both a cultural shift and a return to Swiss roots, with no current accusations against him for spying.

What was Mr. Rona's approach during the interview regarding the company's situation?

• He was fact-based and loyal.

• He avoided answering questions.

• He was emotional and speculative.

• He agreed with all accusations.

What triggered the board to take swift action against TM?

• A change in leadership.

• A single spying incident.

• A pattern of spying incidents.

• A financial crisis.

How did the spying incidents affect the company's reputation?

• It improved the company's image.

• It had no impact on the reputation.

• It caused the reputation to decline.

• It led to increased profits.

What is the significance of promoting Thomas Gottstein to a leadership role?

• It represents a shift away from Switzerland.

• It is unrelated to cultural issues.

• It is seen as a cultural shift back to Switzerland.

• It is a temporary appointment.

What is the general perception of Thomas Gottstein in Switzerland?

• He is new to the bank.

• He is controversial.

• He is trusted and well known.

• He is not well known.