Credit Suisse logged asset outflows of more than $68 billion during first-quarter col

[NewsFeeder]

Credit Suisse logged asset outflows of more than $68 billion during first-quarter collapse

The stricken Swiss lender posted a one-off 12.43 billion Swiss franc profit for the first quarter of 2023, due to the controversial write-off of 15 billion Swiss francs of AT1 bonds by the Swiss regulator as part of its emergency takeover by domestic rival UBS.

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