Cash outflow has increased significantly-Credit Suisse

2022.11.23 01:06

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Cash outflow has increased significantly-Credit Suisse

Budrigannews.com – As the troubled Swiss bank got ready to ask its shareholders for permission to raise new equity, Credit Suisse provided an updated outlook for the fourth quarter on Wednesday.

The financial institution stated, “As previously disclosed, Credit Suisse began experiencing deposit and net asset outflows in the first two weeks of October 2022 at levels that substantially exceeded rates incurred in the third quarter of 2022.”

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Cash outflow has increased significantly-Credit Suisse