
Credit Suisse Logged Asset Outflows of More Than $68 Billion During First-Quarter Collapse
The stricken Swiss lender posted a one-off 12.43 billion Swiss franc profit for the first quarter of 2023, due to the controversial write-off of 15 billion Swiss francs of AT1 bonds by the Swiss regulator as part of its emergency takeover by domestic rival UBS.
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National story. 12 articles from 9 sources. 8 are on the bar; 1 is an international, entertainment or tech outlet, listed separately. Updated Apr 24, 2023.
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2 sourcesCredit Suisse customers pulled $68B in assets in Q1 amid banking turmoil
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