Mack Says Banks Will Become More Conservative on Risk

The video features an interview with John Mack, former CEO of Morgan Stanley, discussing his experiences and challenges at Credit Suisse, the UBS takeover, and the evolving landscape of risk management in banking. Mack reflects on leadership during crises and the potential impacts of banking mergers, emphasizing the importance of trust and transparency in financial services.

What does John Mack suggest is necessary for banks to maintain confidence in their institutions?

In what ways does John Mack believe the banking industry has become more conservative?

How does John Mack view the potential impact of losing a major player like Morgan Stanley on the investment banking sector?