Credit score Suisse noticed $69bn of outflows in frantic quarter

Credit score Suisse Group AG reported 61.2 billion francs ($69bn) of outflows within the first quarter and took a big writedown at its wealth administration unit, underscoring the problem for UBS Group AG in retaining key purchasers and property after the emergency takeover.

he Swiss lender reported 47.1 billion francs of internet outflows in wealth administration, historically probably the most prized enterprise, and stated {that a} 1.3 billion franc impairment cost was principally associated to that unit.

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles