Credit Suisse Tumbles on Report of Outflow Claims Probe

Credit Suisse Tumbles on Report of Outflow Claims Probe

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Business

University

Hard

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The transcript discusses a report by Reuters about Switzerland's financial regulator reviewing comments made by Axel Lehman, the chairman, regarding outflows. Lehman had stated that outflows had stopped and were gradually returning, especially in Switzerland. However, it was later found that outflows continued, prompting the regulator to investigate. The probe is in its early stages, and it is unclear if it will become formal. Credit Suisse investors are concerned about the situation.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What comments did Axel Lehman make regarding outflows?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the trend observed in outflows during October?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the current status of the probe mentioned in the text?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How long after Axel Lehman's comments did the outflows continue?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns do Credit Swiss investors have according to the text?

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