Category: outflows

Credit Suisse Lost $68 Billion in Assets Last Quarter, Outflows Continue

ZURICH—Credit Suisse said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows were continuing, underscoring the challenge faced by UBS Group in rescuing its rival. Customer deposits declined by 67 billion francs in the quarter and the bank noted many matured time deposits…


China Sees ‘Unprecedented’ Cash Outflows After Russian Attack on Ukraine: IIF

High-frequency data detected unprecedented cash flows out of China following Russia’s invasion of Ukraine, flagging a decreased confidence of investors amid geopolitical conflict and uncertainty. A “very unusual” shift emerged to global capital flows in emerging markets in late February, as China saw investors pull out of from its market while the rest holds up,…