More of 62 billion euros were withdrawn from Credit Suisse in the first three months of 2023, as announced by the bank on Monday.
Credit Suisse suffered several scandals, and after the collapse of three banks in the United States, it generated panic in the market
For this reason, Switzerland put pressure on the Swiss financial services company, UBS, for a mega merger of 3,250 million dollars.
The exodus of clients was sharpest last month, in the days before Swiss regulators orchestrated the bailout with UBS, the bank said.
Credit Suisse’s main wealth management unit lost 9% of assets, which “could lead to a substantial loss in wealth management” in the second quarter.
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