Shares of embattled bank Credit Suisse hit another all-time low for a second consecutive day.
Credit Suisse's biggest backer, Saudi National Bank, has said it won't provide further financial help for the bank.Stefan Wermuth | Bloomberg | Getty Imageson Wednesday hit another all-time low for a second consecutive session, dropping by more than 21% shortly before being halted from trade. Credit Suisse's largest investor, Saudi National Bank, said it could not provide the Swiss bank with any further financial assistance, according to a Reuters report.
"We cannot because we would go above 10%. It's a regulatory issue," Saudi National Bank Chairman Ammar Al Khudairy told Reuters Wednesday. Several Italian banks were also subject to automatic trading stoppages after sharp declines, including
lookner Swiss regulator : credit Suisse Meets capital and liquidity requirements
lookner Swiss regulator : in contact with credit Suisse central bank to provide liquidity if Needed.
Swiss regulator FINMA said to likely make CS (credit Suisse ) statement soon
BNP stops accepting swaps reassignments involving CREDIT SUISSE
FED working with US treasury to review CREDIT SUISSE exposures
They sold their shares for a number of reasons, one of which was that the Swiss credit did not bring the profits it had hoped for, and the profits is the main goal of stock market.
It’s got worse for Credit Suisse its down 30%
lookner Was trading halted?
lookner So, it was men in dresses causing banking runs?
lookner SarahClapp
I understand the Saudis....why would you invest in a bottomless well?
Swiss need to find others project as lost now second resources from Russians. after Ukraine war. And now Saud's. Swiss was a home of Russian money laundering group's. Which using Swiss Bank to hide Russia public funds by Remote of Putin. and was a key of Greek financial crisis
WHO VOTED BIDEN LMFAO!!!!
🥹🥹🥹
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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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Credit Suisse executive board will not receive a bonus for 2022Credit Suisse group's executive board took home 32.2 million Swiss francs ($35.27 million) in fixed compensation while collectively forgoing a bonus for the first time in more than 15 years, the Swiss bank said in its annual report published on Tuesday. They already cashed out. You'll here about it in a couple of days RNA story, covid, BIO. But wait SVB did
Source: Reuters - 🏆 2. / 97 Read more »
Credit Suisse flags 'material weaknesses' in financial reportingCredit Suisse released its delayed annual report on Tuesday in which it identified 'material weaknesses' in its internal controls over financial reporting and said it had not yet stemmed customer outflows. It seems everyone was looking forward to hearing an insolvency of any bank. It is necessary to block more Russian assets, and it will help immediately! Trying to provoke a run on a bank.
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