Credit Suisse's Final Quarter Results

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Owen Wells, DigiClean from the earnings report, did executives say anything interesting on the call? Well, this is quite surprising or a very strange quarter result. This is essentially credit Suisse's final quarter results before it gets taken over by UBS in the coming weeks. But did that press release offer any new information about Outflows from Credit Suisse, even after UBS agreed to buy it? I guess what I'm asking here is, did the deal stop the bleeding? You know, the bank said Outflows are continuing after the agreed takeover was announced and has continued since - at a lower rate.

US President Joe Biden is expected to announce on Tuesday that he’s running for re-election, UBS could lose customers as a result of its takeover of Credit Suisse, and the French luxury group LVMH became the first European company to hit a $500bn market value.

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Credit Suisse suffered $69bn in outflows during first-quarter crisis

LVMH becomes first European company to hit $500bn market value

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

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