Swiss banking giant Credit Suisse CSGN, -18.93% CS, -1.18% on Wednesday saw its shares fall to a new record low, with the Zurich-listed shares recently down 10% to 2 Swiss francs.
The chairman of its top shareholder, Saudi National Bank, ruled out investing any more into the bank in an Bloomberg interview. On Tuesday, Credit Suisse said in its annual report that it had material weaknesses in financial controls.
Time to short CS
Take it to zero. And let’s do ShitCoin next.
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Credit Suisse downgrades Logitech, says there's little hope for growth aheadThere's little hope for growth for Logitech this year, according to Credit Suisse. Credit Swiss downgrades another company!!!! I wonder what hope ahead is for Credit Suisse? Everyone else down grades $CS
Source: CNBC - 🏆 12. / 72 Read more »
Credit Suisse says outflows have stabilized but not reversedCredit Suisse said customer 'outflows stabilized to much lower levels but had not yet reversed as of the date of this report' in its 2022 annual report published on Tuesday. This means it hasn’t This bank is done. Market should insta exit this AM. Not just the banking sector.
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Credit Suisse finds 'material weaknesses' in financial reporting, says outflows 'not yet reversed'Credit Suisse said its net asset outflows had 'not yet reversed,' and that 'material weaknesses' were identified in its financial reporting processes. So I don't understand what happened? I've been pointing out the issues at Credit Suisse for years. Can someone explain the 1yr downtrending of $cs? I don't get it
Source: CNBC - 🏆 12. / 72 Read more »
Credit Suisse publishes delayed annual report in which it admits to financial control weaknessesCredit Suisse on Tuesday published its delayed annual report -- which describes material weaknesses in its financial controls -- as it also announced it... They are 100x worse than Signature Bank..Watch the bank run today
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Source: Reuters - 🏆 2. / 97 Read more »