Andre Helfenstein, head of Credit Suisse's Swiss unit, said some clients had withdrawn funds but only a very small number had closed their accounts.

Credit Suisse said last week it expected a pre-tax loss of up to SFr1.5 billion ($1.6 billion) in the fourth quarter and revealed that its liquidity had fallen sharply, exceeding regulatory limits, as wealthy clients made large withdrawals.

The announcement sent Credit Suisse's shares tumbling and the cost of insuring its debt against default rose.

"The Swiss banking sector has stabilised with a 1% loss of client assets," notes Andre Helfenstein. Credit Suisse has drawn up a series of plans to get back on track. Helfenstein stressed that the bank was not considering separating its Swiss operations from Credit Suisse's international operations, nor was it considering selling its private client business and asset management unit.

As part of its restructuring plan, Credit Suisse also said it would cut thousands of jobs by 2025, including 2,700 by the end of this year.

Source: FX110