Credit Suisse Looks to Wealth Management in Turnaround

The video discusses Credit Suisse's current challenges, including cost-cutting measures and strategic focus on Hong Kong and Singapore. It highlights the priorities set by Goldstein to manage costs, arrest bad news, and stimulate growth in wealth management. The video also addresses market challenges, such as the potential global recession and Credit Suisse's credit warning, emphasizing the difficulty in setting achievable targets due to market volatility.

What is one of the primary strategies Credit Suisse is using to reduce expenses?

• Increasing employee salaries

• Cutting costs through technology

• Expanding into new markets

• Hiring more staff

Which regions is Credit Suisse focusing on as part of its strategic plan?

• Australia and New Zealand

• South America and Africa

• Europe and North America

• Hong Kong and Singapore

What are the three basic priorities for Credit Suisse according to the discussion?

• Focusing on Europe, increasing marketing, and reducing staff

• Reducing technology use, cutting salaries, and closing branches

• Expanding into new markets, increasing salaries, and hiring more staff

• Cost cuts, managing bad news, and growth in wealth management

What is a significant challenge for Credit Suisse in achieving its growth targets?

• Insufficient technology

• Market uncertainties

• High employee turnover

• Lack of skilled employees

How does market performance affect Credit Suisse's wealth management?

• It only affects the bank's marketing strategies

• It has no impact on the bank's operations

• It influences the bank's asset management and profitability

• It determines the number of employees needed