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The White-Collar Recession

The Breakdown

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Credit Suisse's Wealth Management Head, Francesco De Ferrari, Is in Close Contact With Clients

Credit Suisse is offering exchange interest rates of 5-6 percent, on much lower deposit balances than usual. The bank has been undergoing a restructuring and shuffling executive team over the last few years but has struggled to find its footing. In the past two years, Credit Suisse has recorded $8 billion in losses and is currently seeking $4 billion in capital to fund its restructuring.

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