Credit Suisse: Capital Flight Continues Amid Q1 Collapse

Credit Suisse: Capital Flight Continues Amid Q1 Collapse

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As the situation at Credit Suisse turned from bad to worse in late March, resulting in its state-brokered takeover by rival UBS, the 167-year-old bank’s customers rushed for the exits, taking their money with them. According to the bank’s latest and possibly last earnings report, it saw net asset…

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