Credit Suisse Details Painful Final Days Before Rescue
The Swiss bank lost a further $75 billion in customer deposits before agreeing to be bought by UBS in March
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The Swiss bank lost a further $75 billion in customer deposits before agreeing to be bought by UBS in March
The Swiss lender reported first-quarter earnings showing clients were flying out the door.
Coca-Cola reports adjusted earnings that beat analysts' estimates, First Republic is scheduled to report quarterly earnings after markets close Monday, and shares of Bed Bath & Beyond sink after the retailer files for Chapter 11 bankruptcy protection.
The Swiss lender reported first-quarter earnings showing clients were flying out the door.
Credit Suisse Group bondholders have launched a legal challenge in Switzerland against regulators’ decision to write down $17 billion in securities as part of UBS Group’s rescue of the troubled bank last month.