The Company offers wealth management solutions, including investment advice and discretionary asset management services; risk management solutions, such as managed investment products; and wealth planning, succession planning, and trust services. In October 2022, Credit Suisse began experiencing a sharp increase in customer outflows, or withdrawals of client funds, after a series of quarterly losses and risk and compliance failures significantly decreased the Company's American Depositary Share ("ADS") price. On December 1, 2022, Credit Suisse's Chairman, Defendant Axel P. Lehmann ("Lehmann"), stated in an interview with Financial Times that customer outflows had not only "completely flattened out," but had, in fact, "partially reversed."