Posted on 03/10/2023 10:00:44 AM PST by EBH
Credit Suisse can’t catch a break.
In the latest piece of troubling news, the beleaguered Swiss bank has delayed the publication of its 2022 annual report following a “late call” from the US Securities and Exchange Commission on Wednesday evening.
The SEC got in touch over revisions the bank had previously made to its cash flow statements for 2019 and 2020, Credit Suisse (CS) said in a statement Thursday.
Shares in the bank, which have been trading around record lows, slid 5%.
“Management believes it is prudent to briefly delay the publication of its accounts in order to understand more thoroughly the comments received,” the company said.
(Excerpt) Read more at cnn.com ...
Can this be construed positively?
Are we anywhere near back at the banking crunch of 2008 where action was required immediately to prevent a world-wide liquidity solvency situation?
Am wondering if these type events are harbingers of something bigger moving behind the scenes. Trying to stay positive.
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