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quarter of this year the bank s last quarter before it had to be rescued by swiss rival ubs. and they illustrate the scale of the crisis which was around the corner. between january and march, credit suisse made a pre tax loss of nearly $1.5 billion. to add to its woes, a massive amount of deposits were withdrawn in the three month period. total outflow was nearly $69 billion. and to remind you what happened next, when there were fresh doubts about the stability of the banking industry a few weeks ago, investors became increasingly fearful for the future of credit suisse. it was eventually bought by its swiss rival, ubs, in what was described as an emergency rescue. the $3 billion price tag was a mere fraction of what the bank would have previously been valued. let s get more now from russ mould, investment director at aj bell. worryingly for the bank, desposits are still being withdrawn. how significant is that? hello, yes, they did say they feel that the outflows ....
Worryingly for the bank, desposits are still being withdrawn. how significant is that? hello, yes, they did say they feel that the outflows are stabilising, but not stopping. you are quite correct. after that $69 billion outflow in the first quarter, money is still seeping out. to look at the money in swiss francs, the deposit peaked at 4 billion swiss francs two years ago, they are 166 billion now, so clearly it wasn tjust investors losing faith in the bag, it was its customers and that was the most important reason why it eventually fell into the hands of its bitter rival, ubs. fell into the hands of its bitter rival, ubs. ., , rival, ubs. and for the time being, althou:h rival, ubs. and for the time being, although ubs rival, ubs. and for the time being, although ubs has rival, ubs. and for the time being, although ubs has bought - rival, ubs. and for the time being, although ubs has bought credit - although ubs has bought credit suisse, they are still functionally separate. ....
The male makeup industry is a trend already firmly established in south korea and it s spreading west. the entire male personal care market is forecast to top $166 billion by 2022, according to allied market research but that includes face creams and shaving gels. this is a long way off the female cosmetic industry which is worth over $530 billion globally. but is this the start of a male catch up? war paint makes make up for men and has opened its first men s makeup store on london s carnaby street in the middle of a pandemic. morning, danny. you are looking very groomed, if you don t mind me saying. which we would ....
Their prices but that luxury may not last. fist their prices but that luxury may not last. ., ., last. at the moment we have held it off but at a last. at the moment we have held it off but at a certain last. at the moment we have held it off but at a certain point last. at the moment we have held it off but at a certain point the - last. at the moment we have held it off but at a certain point the dam i off but at a certain point the dam may break. too many factors building up may break. too many factors building up which may mean we had to pass some of that on to the consumer. it is more likely the cost increases are temporary and that prices will go back to normal eventually. if they do not the strong recovery may lead to a financial hangover for new york s drinkers. the male make up industry is a trend already firmly established in south korea and it s spreading west. the entire male personal care market is forecast to top $166 billion by 2022, but that includes face cream ....
Investors who hold the company stock. finally, investments of things like equipment known as capital expenditures hit $166 billion. that s a first quarter record. now, the trend isn t slowing down, either. in maya loan, buybacks and cash takeovers topped $200 billion. nearly half that total is just from apple. it pledged to buy back $100 billion of its own stock. what about workers? we know that roughly 3 million workers got bonuses and those bonuses were highly reflected in higher wages and salaries in the first quarter of more than $119 billion in the first three months of the year. but that translated and actually has translated in a big jump in consumer spending which rose 1% in the first quarter. overall it s clear the corporate tax cut is a bigger boon to shareholders than workers. check this out. 1.1% of companies tracked by just capital, 57% of their tax ....