Swiss banking giant Credit Suisse on Wednesday saw its shares fall to a new record low, pressuring the broader market and the rest of the European banking sector days after two lenders collapsed in the U.S.
On... Swiss banking giant Credit Suisse on Wednesday saw its shares fall to a new record low, pressuring the broader market and the rest of the European banking sector days after two lenders collapsed in the U.S. On Tuesday, Credit Suisse said in its annual report that it had material weaknesses in financial controls. Credit Suisse has lost money for five straight quarters, and its wealthy clients in the fourth quarter withdrew about $100 billion from the bank.
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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.
Source: Reuters - 🏆 2. / 97 Read more »
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
Source: MarketWatch - 🏆 3. / 97 Read more »
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.
Source: Reuters - 🏆 2. / 97 Read more »