tidjane thiam: less capital, more profitable. francine: when we have more details about exactly it will look like? how big? tidjane thiam: we said we would be between 83-85,000,000,000. we have really shrunk it below the target. outsame thing, we will come about one trillion. we are below that. i am very pleased with the way the organization has handle the challenge of reorganizing the entire company. jobs in a few months, we have raised capital, and at the same time, not taking our eyes off the ball in profits in switzerland, asia, internationally. and facing very tough markets in global markets. we have also, as you would imagine, it is a tough cocktail to absorb. francine: how much is the bonus? tidjane thiam: about 11%. for the divisions that underperformed, more than 30%. which is very strong. francine joins us now from zurich. harsh messages if you're a bank er at credit suisse. he doesn't like businesses he cannot control. what does he say about the volatility ahead? well, we spoke about volatility at length. we asked if i

tidjane thiam -- mr. thiam: 11%. francine: you are expecting a 12 2016.stabilizes by midyear -- does it continue to be volatile? what our markets concerned about? mr. thiam: we had a long discussion with the chief economist and i agree with him. we have a disconnect between what we see in the real economy .f you look at the u.s. the lower oil prices is good for the consumer. most of the gp is consumption. -- gdp has consumption. the consumer feels good. house is worth much more. he has much more money from the lower oil price, and what is not spending.is that is where the markets come to play -- bigger confidence in the future. there is an overemphasis on the oil sector. if you look at the price of oil longa long of time -- period of time -- decades, we have had normal levels around 100, and 35 is the historic average. to treat the return to the historic average as a major crisis is incorrect. francine: using the correlation between the price of oil and markets is wrong? mr. thiam: feel strongly the price of oil is low because of oversupply. we think it i

bloomberg zone francine lacqua spoke earlier with the new ceo tidjane thiam about whether this will continue the story in 2016 for francine joins us now in zÜrich. tidjane: they are the ones we controlled the lease. if you remember, there is a lot we are volatile. stephanie: francine, there were a lot of concerns when tidjane joined. he has never run an investment bank. the story be told that he should not be? francine: well, i think that would be a fair point, especially if you look at the share price, stephanie. investors are pointing to if you look at individual divisions, there must worse than expected. this loss was a monumental. we have an important note from citigroup saying they do not believe that credit suisse can actually stick to their targets. the goals that tidjane thiam told us in october and then repeated to me today that he believes he can obtain. looking at futures, no question, he has been in the job for nine months. other saying if you look at the share price, it means that certain investors -- we had ubs on tuesday, shares were out a bit bigger. credit suisse is such a b

i asked tidjane thiam. tidjane: we are the reference in asia in terms of the integration.elerate this. it is working. what we need to do? we need to fix it elsewhere. francine: so you can see that thiam explaining that although he is rationalizing the investment bank, that if his way to getting more age and wealth -- asian wealth to invest with him. let's get to chris wheeler. great to have you on the program. with a share price down 12%, due analysts and investors not believe the ceo would he says he will reach those targets in 2018? christopher: i think the ceo is still in a honeymoon period. he has a great record in a number of different industries and roles he has had. he hasblem is a demanding target stared what we have seen as investment banking revenues outside of perhaps asia just being very weak indeed. yes to face perhaps a new time which means he will have to make deeper cut in the investment bank to really -- if you want to see the wealth management performance shine through and perhaps his asian or performance shine through as one division. they are alsos, say