Credit Suisse chairman says outflows have basically stopped

Share your love

Credit Suisse Chairman Axel Lehmann said in a TV interview with Bloomberg on Friday the embattled bank’s outflows have basically stopped and that it is seeing partial inflows.

Credit Suisse has reported sharp outflows as wealthy clients move assets elsewhere, while the bank battles to recover from a string of scandals by focusing more on its flagship wealth management franchise and pruning back investment banking.

Credit Suisse, whose shares have plunged this year to record lows, is in the midst of raising 4 billion Swiss francs ($4.23 billion) to bolster its finances.

Read Also   "He locked himself in the hotel": Felipe Solá learned during the trip to Mexico that he was displaced from the Cabinet and left the CELAC summit
Share your love

Leave a Reply

Your email address will not be published. Required fields are marked *