Credit Suisse says $68bn left bank in lead-up to rescue by UBS

Results reported for what is likely to be the last time as bank’s takeover by Swiss rival nears completion

Credit Suisse says 61bn Swiss francs ($68bn/£55bn) left the bank in the first quarter, shedding light on the scale of the bank run that caused the 167-year-old institution to crumble and forced its state-engineered rescue.

“These outflows have moderated but have not yet reversed as of April 24 2023,” Credit Suisse said on Monday.