Credit Suisse Clients Flee to UBS in Asia as Rich Weigh Options

Credit Suisse is experiencing significant client outflows to UBS, particularly in Asia, due to its ongoing struggles. This shift is impacting its wealth management sector, which is crucial for its survival. While Credit Suisse hopes these outflows are temporary, the situation is challenging as UBS benefits from the inflow of clients. Shareholders are reacting to the decline in Credit Suisse's share value, which has dropped significantly this year. The focus is now on upcoming quarterly results to assess the bank's future prospects.

Which financial institutions are benefiting from Credit Suisse's difficulties?

• Goldman Sachs and HSBC

• Morgan Stanley and UBS

• Deutsche Bank and Barclays

• JPMorgan Chase and Citigroup

What is the main concern for Credit Suisse regarding the movement of client funds?

• The funds are permanently lost

• The funds are being used for mergers

• The funds are temporarily moved

• The funds are being invested in real estate

What is Credit Suisse's hope regarding the outflow of funds?

• To reverse the outflow

• To stabilize the outflow

• To increase the outflow

• To ignore the outflow

How have Credit Suisse's shares performed recently?

• They have remained stable

• They have increased by 6%

• They have increased by 60%

• They have decreased by 60%

What are investors eagerly awaiting from Credit Suisse?

• A merger announcement

• A change in leadership

• Quarterly results

• New product launches