UBS Wealth Chief Vows Retention Packages for Credit Suisse Asia Staff

The video discusses Iqbal Khan's efforts to retain Credit Suisse's private bankers amid a merger with UBS, highlighting the importance of retaining talent and assets. It also covers a US investigation into whether banks, including Credit Suisse and UBS, helped Russian oligarchs dodge sanctions, emphasizing the potential legal risks involved.

What is the primary reason Iqbal Khan is offering retention packages to Credit Suisse's private bankers?

• To increase their salaries

• To ensure they stay with Credit Suisse during the merger with UBS

• To encourage them to move to UBS

• To reduce the company's expenses

Which banks are mentioned as potential rivals trying to attract Credit Suisse's talent?

• Deutsche Bank, Citigroup, and JP Morgan

• HSBC and Barclays

• Bank of America and Wells Fargo

• Goldman Sachs and Morgan Stanley

What is the potential benefit of the combined entity of Credit Suisse and UBS?

• It will have a reduced market presence

• It will face more competition

• It will become a small player in the industry

• It will be a powerhouse in the industry

What is the focus of the US Department of Justice's investigation involving Credit Suisse and UBS?

• Fraudulent financial reporting

• Money laundering activities

• Tax evasion by the banks

• Assisting Russian oligarchs in dodging sanctions

What financial measure did UBS negotiate in its deal to take over Credit Suisse?

• 9 billion Swiss francs of guarantees

• A reduction in interest rates

• A loan from the government

• A merger with another bank