The extent of the panic centred on Credit Suisse at the height of the biggest financial crisis since 2008 was revealed today, as it reported £55 billion ($68 billion) in capital outflows for the first three months of 2023.
Account holders and wealth management customers are also still scrambling to get their cash out, according to what will be one of the last set of quarterly results from the 167-year old lender before a government-brokered merger with arch rival UBS.
