Published
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Between January and March almost $69bn (£55bn) was withdrawn, with the bank making a pre-tax loss of nearly $1.5bn (£1.2bn) in the same three-month period.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Between January and March almost $69bn (£55bn) was withdrawn, with the bank making a pre-tax loss of nearly $1.5bn (£1.2bn) in the same three-month period.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
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