Credit Suisse reveals results of last financial quarter before rescue
BBC, 24 Apr 2023
Collapsed banking giant Credit Suisse has revealed the scale of the bank run that triggered its state-backed rescue in March.
Between January and March almost $69bn (£55bn) was withdrawn, with the bank making a pre-tax loss of nearly $1.5bn (£1.2bn) in the same three-month period.
Its forced sale to rival Swiss bank UBS is expected to be completed soon.
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Between January and March almost $69bn (£55bn) was withdrawn, with the bank making a pre-tax loss of nearly $1.5bn (£1.2bn) in the same three-month period.
Its forced sale to rival Swiss bank UBS is expected to be completed soon.
Please subscribe here: http://bit.ly/1rbfUog
#CreditSuisse #BBCNews
