, which battered the bank in 2021, causing it to lose billions of dollars.
. Credit Suisse's wealth management unit also posted roughly $133 billion in net asset outflows for 2022 as customers took their business elsewhere, SEC filings show. Those financial woes, along with the recent collapse of tech-focused Silicon Valley Bank and Signature Bank, likely intensified the market's reaction to statements Wednesday by the bank's top investor, said Andrew Kenningham, chief Europe economist with Capital Economics.
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