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.

from Earnings https://ift.tt/dxlAZWU
via IFTTT