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Credit Suisse had a 14% CET1 ratio, higher than JPMorgan. The stock price was depressed because it wasn't turning a profit but it was nowhere near a level of lo
by cm2187 4y ago
Credit Suisse had a 14% CET1 ratio, higher than JPMorgan. The stock price was depressed because it wasn't turning a profit but it was nowhere near a level of losses where it would be a concern from a creditor point of view.
- drexlspivey 4y agoThere were a series of news before investors started panicking, it’s not like people randomly decided to dump the stock without any reason. > (March 9) Credit Suisse shares drop as annual report delayed following SEC call > Postponement comes as regulator weighs in on 2019 cash flow statements > (March 14) Credit Suisse finds ‘material weaknesses’ in financial reporting controls > Swiss bank says it lacked effective processes to identify risk of misstatements
- cm2187 4y agoYeah. No restatement to the numbers already published. Doesn't look good but should hardly move the stock price, let alone the credit worthyness (two distinct things).