Wealth and Asset Management
Credit Suisse reveals £55bn haemorrhage before UBS rescue
Credit Suisse has revealed the extent of the damage caused by March’s banking crisis before its rescue deal by UBS was agreed. The Swiss banking and wealth management giant haemorrhaged CHF 61.2bn (£55.2bn) in the first three months of 2023, the firm revealed in a Q1 update. The bank said:…
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