Credit Suisse (CS) clients have withdrawn $4.4B from U.S. and European funds since the bank agreed to be acquired by UBS (UBS) last month, with recent inflows indicating the worst of the bleeding may be over, Bloomberg’s Sonia Sirletti reports. The Swiss lender’s European funds suffered $3.8B in net redemptions between March 20 and April 6, while U.S. funds saw another $575M withdrawn, the author says, citing data from Morningstar. Reference Link
Published first on TheFly
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Read More on CS:
- Fed Reserve Board approves UBS acquisition of Credit Suisse’s U.S. subsidiaries
- Credit Suisse price target lowered to CHF 0.80 from CHF 2.30 at Barclays
- Julius Baer upgraded to Overweight from Equal Weight at Barclays
- Swiss parliament dismisses Credit Suisse rescue deal, Reuters reports
- Credit Suisse upgraded to Neutral from Sell at Redburn
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