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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 to add to its woes, a massive amount of deposits were withdrawn in the three month period.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 worryingly for the bank, desposits are still being withdrawn.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 ....
Wind - TenneT commissions companies to lay cables for grid expansion projects - Renewable Energy Magazine, at the heart of clean energy journalism renewableenergymagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renewableenergymagazine.com Daily Mail and Mail on Sunday newspapers.
Drawn out, is that right? it of integration is actually quite drawn out, is that right? it will be and arain drawn out, is that right? it will be and again that drawn out, is that right? it will be and again that is drawn out, is that right? it will be and again that is something - drawn out, is that right? it will be and again that is something the l and again that is something the swiss unions have not been particularly keen on from an employee point of view, ubs has brought back its chief executive to run the deal and it is also announced its chief risk officer, christian bloom, who was leaving to become a photographer is now staying to help with the integration, but it is one of those things that whilst it needs to be done in a measured fashion, the key will be reassuring those customers and staff and making sure the bank continues to function because it doesn t provide the services it once it is losing more customers, then the value ubs is in theory going to get from this deal ....
- Around €30 billion: Europe's... euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.