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Credit Suisse APAC WM sees US$3.2 billion net outflows in 4Q21, net revenue down 32% YoY

Credit Suisse summed up its tough 2021 with a pre-tax loss of CHF 1.6 billion in 4Q21. The bank’s Asia wealth management business managed to deliver US$1 billion in pre-tax income for the full year but still suffered US$3.2 billion net outflows while net revenue was down 32% YoY in 4Q21. “2021 was a challenging year for Credit Suisse. Our…

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