Swiss bank Credit Suisse revealed that net outflows of 61 billion Swiss francs ($68 billion) were recorded in the first quarter of 2023, with those outflows continuing, highlighting the challenge facing “UBS Group AG” in rescuing “Credit Suisse”:
According to the bank, customer deposits fell by 67 billion francs in this quarter, which did not see a significant renewal of expired deposits. He pointed out that most of the outflows of assets were from wealth management, and although these flows have eased, they are still continuing.
Source (Al-Arabiya.net Website, Edited)
