Credit Suisse Saw $69 Billion of Outflows in 1Q

The video discusses the significant fund outflows from Credit Suisse, amounting to 61 billion Swiss francs, and the liquidity support from the SNB. It highlights the challenges in wealth management and client retention, contrasting the ease of moving deposits with the complexity of shifting wealth management relationships. The video also covers Credit Suisse's strategic changes, including the termination of the Client Group acquisition and the integration with UBS, focusing on downsizing investment banking to enhance wealth management. Despite the challenges, the situation is not as severe as expected.

What is the expected impact of the outflows on UBS according to the text?

What challenges are mentioned regarding moving wealthy clients from one institution to another?