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Credit Swiss Outflows - What's in It?
In the weeks following what happened online, it sounds like Credit Swiss is really on the defensive here. I mean, they're in the middle of seeing these significant outflows and everyone's waiting on this new strategic plan that's set to come out. They were getting pressure from shareholders. They're basically told, this isn't working. You announced last year did not go anywhere near far enough. And if you don't sort this out in the next six months, we're going to push for you to to sell yourself on to UBS or someone else.