ceo tidjane thiam spoke to francine lacqua in zurich.n to that interview now -- we wanted to do three things with global markets. size, to de-risk, we de-risked massively, cutting inventory between 40% and 60% in these global markets, and cut co sts from 6 billion to 4.8 billion. e have delivere -- we have delivered on each of those. the one place where we have not delivered is revenue. we do not control that. what i would be worried about, auld be if i saw signs for lack of control on those three things. the business has delivered. francine: you are not planning measures to boost profitability in global markets? downne: we see, we are 13%, up six percent in equities. aren points of the decrease restructuring we did in brazil, russia, and also a restructuring of u.s. rates. the last piece of restructuring that will ensure we had before goaled -- we had before .8 -- hit the 4.8 goal. francine: nothing further for the future? tidjane: nothing further. what is happening in global markets, they have been very at cost-cutting without destroyi

clearly tidjane thiam did reflect that in that answer where i asked about markets. at the tail end of that, whilst expressing some frustration about the market psychology and how capital markets seem to be disconnected with a stronger economics, he did close out that sound bite by saying there is an opportunity here, a pick up in volatility does represent an opportunity. of course, you know, as we sit around the desk and focus on every day you have to make sure you pick the right asset class and the right time window to make sure you benefit from those gains. to be frank, staring around fund manager performance across the year, a lot of them have struggled, both through the february period and more recently in this pick up in volatility that we've seen across markets so i think credit suisse alongside many other banks have struggled. >> after that criticism, just as well you have the physique of a swimmer because there's going to be one way out of the town for you, it's behind you, that big pool of water. you don't want to comment on that >> swimming is not really m

tidjane thiam just reflecting on the nature of the markets that we had let's listen to what he had tond what we might see in markets going forward. >> there's a disconnect between the condition of the economy, if you wish, and the psychology of the mindset in markets which is a bit fragile. people feel interest rates are going to go up so fixed income feels risky. you see in a bear market is big volumes when the market goes down, and small volumes when the market goes up that's kind of what you're feeling now. that nervousness comes from the numbers. >> what's interesting is how the bank has shifted its messaging in this earnings report. while last quarter there was a focus on demonstrating the successful growth of the wealth management business, this time around i think they've shifted focus and wanted to demonstrate particularly to a u.s. investor base whilst switzerland is clearly in europe, this bank is not an eu or a eurozone bank they have produced a number of slides demonstrating where they are ahead of their european competitors. back to you. >> geoff, i find it fascinating lo

it is all about tidjane thiam' strategy in terms of reallocating capital. sbarclays was a beat.t looks as if credit suisse has ducked on the revenue and the net income side of the business. a little later, we are going to hear from the credit suisse ceo, who will no doubt explain the meis and everything behind the numbers. s -- the miss and everything behind the numbers. most asian equities in the green. a bit of divergence between china and japan. japan is lower. this after the worst month for global stocks in more than six years. meanwhile, the yuan remains at the weakest level in a decade after china's leadership stick malls -- signals that further leadership levels are being planned. our guest joins us. great to have the with us. we are starting up with a bit of a -- not so much a bang, but a whimper. they did have the best two days of gains in u.s. equities since february over the past couple of sessions. wall street is getting up the. when struck -- upbeat. use the thinking about -- should you be thinking about selling again? >> in the u.k., the earnings started and it has