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Credit Suisse warns of $1.6bn hit in fourth quarter as concerned clients pull investments

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Credit Suisse warned it would lose around $1.6bn in the fourth quarter after customers pulled their investments and deposits over concerns about the bank’s financial health.Switzerland’s No.

2 bank by assets said outflows were around 6% of its total $1.47tn assets, or around $88.3bn, between 30 September and 11 November.

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