Credit Suisse logged asset outflows of more than billion during first-quarter collapse
Finance

Credit Suisse logged asset outflows of more than $68 billion during first-quarter collapse

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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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