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Credit Suisse warns of $1.6 billion loss after clients pull money

Por: Fox Business Business November 24, 2022

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Former FDIC Chair Sheila Bair discusses Credit Suisse's issues as the U.S. faces economic challenges and how the Fed will keep financial systems 'stable.' Credit Suisse Group AG warned it would lose around $1.6 billion in the fourth quarter after customers pulled their investments and deposits over concerns about the bank’s financial health. by assets said outflows were around 6% of its total $1.47 trillion assets, or around... + full article



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