Credit Suisse: What's it Like

I’ll caveat I can only speak for investment banking but things are pretty normal - there was a flurry of MD departures right after Archegos because so much of their pay was tied to CS stock, which got crushed 25% when the news broke. Every group lost a handful of MDs it felt like, which as a junior meant pretty sweet WLB for a few months where everyone was busy on their deals but not getting crushed constantly with bs pitchwork. Since then the bank has hired like 50 new MDs and things are back to normal. None of the other ‘scandals’ in the press have any impact whatsoever on the investment bank, which just had its best year ever by like 50%. It’s funny to read the media headlines about TURMOIL!! at CS when everything is chugging along so normally in IB. Feels like I’m reading about a different firm when I see the stories. Bonuses at the junior level werent impacted at all by any of this - not sure why people keep assuming they were, very much in line with rest of street and certainly better than Citi lol.