$Credit Suisse Group AG(CS)$ reported its biggest annual loss since the 2008 global financial crisis after clients pulled billions of Swiss francs from the bank, which resulted in outflows of more than 110 billion Swiss francs ($120 billion) in the fourth quarter. The bank has been affected by several scandals and has seen a sharp acceleration in withdrawals. Swiss regulator Finma stated that while the bank's liquidity buffers had a stabilizing effect, they are being monitored closely during the situation. The bank's CEO, Ulrich Koerner, said they have a clear plan to create a new Credit Suisse and are working to deliver on their three-year strategic transformation. However, analysts are concerned about the scale of losses and outflows, and the bank has warned of further substantial losses this year. The investment bank division made a loss of 3.8 billion francs in 2022 and the wealth management division also saw outflows of 92.7 billion francs in the fourth quarter, much higher than expected. The bank's financial situation has been described as catastrophic and the worst year in its 167-year history. The bank has been downgraded to just one level above junk by Standard & Poor's.

They are going to bankrupt, why the market is still buying it?