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Today, Credit Suisse delayed its 2022 report after the last minute call from SEC: https://www.cnbc.com/2023/03/09/credit-suisse-to-delay-its-2022-annual-report-
by krasin 4y ago
Today, Credit Suisse delayed its 2022 report after the last minute call from SEC: https://www.cnbc.com/2023/03/09/credit-suisse-to-delay-its-2022-annual-report-after-a-late-call-with-the-sec.html https://www.cnbc.com/2023/03/09/credit-suisse-to-delay-its-2...
I don't know what to make of it.
- thedangler 4y agoIt's probably no related to swaps that expired..... Better pick themselves up by their bootstraps and quit the avocado toast.
- pclmulqdq 4y agoIt could be routine (no more news from banks that are in trouble please), but the SEC does have access to the numbers in the filing since it goes into EDGAR about a month before the announcement.
- yelling_cat 4y agoCredit Suisse is facing liquidity issues and tarnished credibility after a rash of scandals and screwups, see https://www.reuters.com/business/finance/spies-lies-chairmans-exit-credit-suisses-scandals-2022-01-17/ https://www.reuters.com/business/finance/spies-lies-chairman... for a summary. From your link it looks like their finance reporting in recent years is now under question as well. It doesn't look related to what happened at SVB or Silvergate.
- throwaway1777 4y agoCredit suisse has been on the rocks for a year
- lotsofpulp 4y agoCredit Suisse has been on the rocks for over a decade. Widely considered to be one of the most mismanaged large bank, and I assume propped up by Switzerland’s government for appearances’ sake. Compare their numbers to any other investment bank. https://www.macrotrends.net/stocks/charts/CS/credit-suisse-group/net-income https://www.macrotrends.net/stocks/charts/CS/credit-suisse-g...