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There 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
by drexlspivey 4y ago
There 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).