Credit Suisse CEO on Inflows, Material Weakness

The transcript discusses the recent outflows and inflows in the wake of SVB, highlighting the calmness and positive client meetings. It addresses financial reporting issues, acknowledging a material weakness and the role of PwC. Shareholder concerns are discussed, emphasizing the execution of a three-year strategic plan despite a low share price. The transformation and future plans are outlined, including expected losses and restructuring costs. The timeline for Credit Suisse First Boston's IPO is confirmed, with ongoing efforts to find investors. The importance of client trust and communication is stressed, with efforts to address outflows and build momentum.

What was the company's liquidity capital ratio at the end of Q4?

• 120

• 180

• 140

• 160

What is the company's approach to addressing the material weakness in financial reporting?

• Outsourcing financial reporting

• Blaming the auditors

• Ignoring the issue

• Implementing a remediation plan

How long is the company's transformation plan expected to take?

• Two years

• Three years

• One year

• Five years

What is the company's capital ratio as of Q4?

• 12.5%

• 13.0%

• 14.1%

• 15.0%

What is the company's main focus in its transformation plan?

• Cost-cutting

• New product development

• Radical change

• Employee layoffs

What is the company's strategy for Credit Suisse First Boston?

• Closure of operations

• Immediate sale

• IPO in 2025

• Merger with another bank

What percentage of outflows occurred in October and November?

• 50%

• 60%

• 70%

• 85%