BBCNEWS World Business Report July 6, 2024
quarter of this year — the bank's last quarter before it had to be rescued by swiss rival ubs. and they illustrate the scale of the crisis which was around the corner. between january and march, credit suisse made a pre—tax loss of nearly $1.5 billion. to add to its woes, a massive amount of deposits were withdrawn in the three—month period. total outflow was nearly $69 billion. and to remind you what happened next, when there were fresh doubts about the stability of the banking industry a few weeks ago, investors became increasingly fearful for the future of credit suisse. it ...