The Credit Suisse stock plunge is a ripple that could yet be felt around the world

Shares in Credit Suisse plunged, triggered by the publication of the bank’s annual report, which detailed flaws in financial reporting controls

There is no suggestion that the once august financial institution Credit Suisse has been swimming naked, but plenty of evidence that it has been paddling in inappropriate budgie-smugglers. From letting drug dealers launder money to becoming embroiled in a major corruption case in Africa, from an embarrassing leak of clients’ data to a gallivanting chairman during the Covid pandemic – not to mention a host of poor investment decisions.after its biggest investor said it would not put its hands into its pockets to help out.

Politicians and regulators moved fast to reassure the public that banks are safe places to put their money.

Is Ben and Jerrys next? 🤞🏻

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Credit Suisse finds ‘material weaknesses’ in financial reporting controls\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t So I assume the top management during the period in question are subject to clawback and sanction? Or can I already guess the answer... CS will get away with it Next
Source: FT - 🏆 113. / 51 Read more »

Credit Suisse shares sink after top shareholder rules out more funding\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t Smart shareholder 😂 Y ahora es Credit Suisse. Qué está pasando. 🙃🔥🔥📉🧐
Source: FT - 🏆 113. / 51 Read more »

Oil Prices Crash Below $70 As Credit Suisse Shares Tumble | OilPrice.comOil prices continued to slide on Wednesday, with WTI falling below $70 for the first time since December 2021 and Brent falling by more than $3.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Credit Suisse: Swiss National Bank must step in to halt three-way doom loop\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t Too late. Dump it hard Seems Bitcoin is a better store of value than Credit Suisse stock 😉
Source: FT - 🏆 113. / 51 Read more »

Credit Suisse’s share price plunges, as fear sweeps the marketWhat will release the bank from its waking nightmare? Don't worry Biden will save them ...USA to the rescue Başta ABD olmak üzere Batı Kapitalizmi.,çürüyen imajını siyaset eliyle güçlendirmeye çalışıyor.! Bancos, por que tê-los?
Source: TheEconomist - 🏆 6. / 92 Read more »

Credit Suisse to Get Liquidity Backstop if Needed, Regulators SaySwitzerland’s central bank and financial regulator said Credit Suisse will receive a liquidity backstop if needed Rewarded for bad behavior as usual FFS how can this keep happening? The people who run these financial institutions need to go to jail, see if they're so willing to play fast and loose with other people's money is there are proper consequences for their ineptitude!
Source: TIME - 🏆 93. / 53 Read more »