Credit Suisse's flagship wealth management division saw the amount of assets it managed drop to 502.5bn francs at the end of March, almost 29% lower than the same period last year, Credit Suisse said in a statement.

Source: https://biztoc.com/x/64eedd46d8bfeac9?ref=ff

It's also Credit Suisse's latest run-in with U.S. authorities, following settlements worth hundreds of millions of dollars over mortgage-backed securities that were behind the 2008 financial crisis.

Source: https://www.nationalnewswatch.com/2023/03/29/senate-credit-suisse-still-helps-rich-americans-evade-taxes/

Last week, Switzerland announced it was cutting bonus payments for Credit Suisse's top management.

Source: https://www.odt.co.nz/business/emergency-session-credit-suisse-rescue

Over the past six months, Credit Suisse's wealth management division alone has seen 140 billion francs in net new money outflows, and this follows the 110.5 billion francs in outflows in the fourth quarter of 2022.

Source: https://www.freepressjournal.in/business/credit-suisse-reports-massive-asset-outflows-ahead-of-ubs-takeover-over-68-billion-withdrawn

"This additional liquidity would support Credit Suisse's core businesses and clients as Credit Suisse takes the necessary steps to create a simpler and more focused bank built around client needs," the bank said.

Source: https://gazette.com/news/us-world/svb-collapse-credit-suisse-shares-soar-following-two-day-decline/article_cf1374f3-c0f7-577e-9cbd-8c365f06979e.html