Which are the critical ingredients for success in global investment banking?

	a.	A vast capital base and a fortress balance sheet
	b.	A distribution network that allows an investment bank to originate, structure and place securities with the worlds institutional investors.
	c.	An efficient branch network in major emerging markets like Russia, China, Brazil and South Korea.
	d.	A & B
	e.	A, B & C

Which of the following is not an immediate consequence of the recent OPEC+ meeting in Vienna that cut oil supplies by 2 million barrels a day?

	a.	The increase in the US inflation rate will force the Federal Reserve to be even more aggressive in its interest rate hikes.
	b.	More aggressive Federal Reserve tightening will stimulate economic growth in the US and will be bullish for the stock market.
	c.	President Biden is angry because this decision will raise petrol prices in the US and thus the US inflation rate.
	d.	The White House has accused OPEC+ of helping Russia because higher oil prices boost the Kremlins revenues.
	e.	The rise in Brent crude from 85 to 93 after the OPEC+ decision increases the current account deficit of oil importers like India, Turkey and South Korea.

The operating losses and scandals at Credit Suisse can best be explained by the following factors:

	a.	A very flawed and inadequate risk management culture at the senior management levels of the bank.
	b.	Non-compliance with global best practices and anti-money laundering laws.
	c.	A corporate culture that emphasize the growth of client assets under management and profits for the bank plus bonuses for the bankers rather than suitability/risk of investment products sold to the client.
	d.	A & B
	e.	A, B & C