Credit Suisse: Net asset outflows topped $68 billion in Q1
The takeover by UBS is expected to close in the coming months and was designed in part to help stabilize the global financial system that the collapse of two U.S. Banks had roiled.
The reputation of 167-year-old Credit Suisse had been pummeled in recent years over stock price declines, a string of scandals and the flight of depositors worried about the bank's future amid global financial turmoil. (Image: Reuters)