Credit Suisse announces a technical delay
Credit Suisse announced "material weaknesses" in its annual report, following the biggest three-day decline streak since 1987
Following the biggest three-day decline streak since 1987, the group announced that it has been contacted by the U.S. Securities and Exchange Commission (SEC) regarding certain open SEC comments about the technical assessment of previously disclosed revisions to the consolidated cash flow statements in the years ended December 31, 2020, and 2019, as well as related controls.
This announcement has aroused suspicion among experts and traders who are seeking to identify the next targeted bank to bet on for a collapse, after SVB, Signature, and First Republic, which has not yet been taken over by the FDIC but its stock has fallen by 60%.
Chart :CS Stock 1y
Credit Suisse's stock has fallen by 15%, setting a new record low. The bank has further explained that it will require amendments to prior period financial statements in its consolidated financial statements for the period ended December 31, 2021, in its annual report for the fiscal year.
In its Q3 2022 report, Credit Suisse suffered a massive loss of $4.09 billion in the third quarter, while analysts had expected a loss of $6 billion.
Read More
-
Yen Stalls at 160 Despite a 3% JGB and Tokyo Core CPI at 2.0% — Intervention Sits at 164, Friday's Payrolls Decide
02.09.2026 · TradingNEWS ArchiveEnergy
-
Broadcom’s AI Rebound Sends the 2x AVGC ETF Up 28% From Its Low, Putting a $21 Price Target in Play
10.11.2026 · TradingNEWS ArchiveStocks
-
XRPI and XRPR Slide Toward 52-Week Lows as XRP Breaks Below $1.07, but a Relief Rally Keeps $7 and $10.60 Targets
10.11.2026 · TradingNEWS ArchiveCrypto
-
Record Fund Shorts Get Squeezed as December Gas Rips to $3.217, With Cold Weather Putting a $3.80 Target
10.11.2026 · TradingNEWS ArchiveCommodities
-
Dollar-Yen Breaks Toward 159 as Hot CPI Widens the Rate Gap, but Tokyo’s Intervention Line Caps a 160 Price Target
10.11.2026 · TradingNEWS ArchiveForex
