Before collapse, Credit Suisse projected lowest cash outflows since 2018
Customers were expected to withdraw just $91bn in a 30-day stress period despite heavy outflows going into 2023
Risk Quantum analysis of Credit Suisse’s liquidity coverage ratio (LCR) disclosures shows it expected net cash outflows (NCOs) of Sfr83.3 billion ($90.9 billion) at end-December, down 30% from end-September.
This is despite a surge in withdrawals in the last quarter of the year, when customers pulled Sfr111 billion in deposits, two-thirds of it in October alone.
The outflows caused the bank’s
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