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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 to add to its woes, a massive amount of deposits were withdrawn in the three—month period.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 ...

Worryingly for the bank, desposits are still being withdrawn. how significant is that? hello, yes, they did say they feel that the outflows are stabilising, but not stopping. you are quite correct. after that $69 billion outflow in the first quarter, money is still seeping out. to look at the money in swiss francs, the deposit peaked at 4 billion swiss francs two years ago, they are 166 billion now, so clearly it wasn'tjust investors losing faith in the bag, it was its customers and that was the most important reason why it eventually fell into the hands of its bitter rival, ubs.— fell into ...