Credit Suisse Saw $88 Billion Outflows as Confidence Slumped

A sign above the entrance to a Credit Suisse Group AG bank branch in Geneva, Switzerland, on Thursday, Sept. 1, 2022. Credit Suisse is weighing cutting 4,000 jobs, a significant part of them in Zurich, as the lender overhauls its business after a series of financial and reputational hits, according to Handelsblatt. Photographer: Jose Cendon/Bloomberg

A sign above the entrance to a Credit Suisse Group AG bank branch in Geneva, Switzerland, on Thursday, Sept. 1, 2022. Credit Suisse is weighing cutting 4,000 jobs, a significant part of them in Zurich, as the lender overhauls its business after a series of financial and reputational hits, according to Handelsblatt. Photographer: Jose Cendon/Bloomberg