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"We too often like to benchmark ourselves against other people. I'd like for us to get to a point where everybody else is benchmarking themselves against us."
Credit Suisse reported that "significant net asset outflows" were particularly heavy in the second half of March, when it was engulfed by panic in the days surrounding the hastily arranged takeover.
ZURICH - Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS prepares an emergency takeover.
Credit Suisse reports a loss of $1.46 billion and net asset outflows of $69 billion in the first quarter due to significant customer withdrawals from the wealth management unit.
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