Credit Suisse Says Investment Bank Doing Well

The transcript discusses Credit Suisse's efforts to refocus the market on achievements rather than inherited problems. It highlights financial targets, including a 10-12% profit goal and increased wealth management targets. The company plans share buybacks and addresses dividend policies. The investment bank's performance and restructuring are noted, with challenges from hedge fund write-downs and litigation. CEO Gottstine aims to centralize control, address legacy issues, and invest in private markets, onshore China, and IT infrastructure.

What is the profit target range Credit Suisse aims to achieve by 2023?

• 8% to 10%

• 9% to 11%

• 12% to 14%

• 10% to 12%

When is Credit Suisse planning to start its share buyback program?

• March 2021

• January 2021

• December 2020

• January 2022

What was a significant factor that caused Credit Suisse to pause its share buyback earlier?

• Internal restructuring

• Market competition

• Pandemic

• Regulatory changes

What is one of the key areas Credit Suisse plans to invest in to drive future growth?

• Cryptocurrency

• European real estate

• Onshore China platform

• Retail banking

What is Gottstine's approach to managing Credit Suisse's legacy issues?

• Focus solely on European markets

• Increase aggressive lending

• Centralize control to headquarters

• Decentralize operations