Inflows from Credit Suisse's German private clients dropped during the second quarter, following uncertainty over tax evasion in the region that culminated in a raid that took place on the Swiss bank's German offices earlier this month.

Credit Suisse's core private banking unit won Sfr11.9bn (€8.9bn) in overall net new money from clients, corresponding to an annual net new money growth rate of 5.8%, according to the bank's second quarter results this morning.