Credit Suisse faced a staggering $69 billion of outflows in the first quarter, an amount that eclipses UBS's market cap

• Credit Suisse saw $69 billion in client outflows during the first quarter of 2023 as the bank battled credibility problems.
• That's an amount that dwarfs the market cap of UBS, the Swiss lender that took over Credit Suisse last month.
• UBS bought Credit Suisse for $3.25 billion in an emergency rescue deal brokered by the Swiss government in March. 

Credit Suisse's clients pulled $69 billion from the troubled bank in the first quarter - an amount that dwarfs the market value of UBS, which acquired its struggling rival last month in a government-brokered deal.