Credit Suisse publishes delayed annual report in which it admits to financial control weaknesses

Bank Finds 'Material Weaknesses' in Financial Reporting, Cuts Executive Bonuses

Credit Suisse on March 14 reported finding “material weaknesses” in financial reporting procedures after U.S. authorities inquired about potential issues. PricewaterhouseCoopers AG, which audited the Switzerland-based bank, identified a failure to “design and maintain an effective risk assessment process to identify and analyze the risk of material misstatements,” Credit Suisse said in its annual report. The weaknesses “could result in misstatem…

‘Material Weaknesses’: Shares Of Credit Suisse Plunge To Near-Record Low

Shares of Credit Suisse traded close to all time lows on Tuesday morning after the bank admitted to "material weaknesses" in its financial reporting.

Credit Suisse sees 'material weaknesses' in its financial reports

Credit Suisse says that its statements for 2022 and 2021 'represent quite a thing' of its financial condition.

Credit Suisse shares hit record low as banking giant admits to ‘material weaknesses’

Credit Suisse shares hit an all-time low in early Tuesday trading after the Swiss banking giant admitted to discovering “material weaknesses” in its financial reporting over the past two years.

Credit Suisse finds 'material weakness' in its financial reporting, scraps exec bonuses

Credit Suisse on March 14 acknowledged "material weakness" in its financial reporting as it scrapped bonuses for top executives in the wake of its worst annual performance since the global financial crisis.

Credit Suisse warns of ‘material weaknesses’ in financial reporting

Swiss bank’s shares fall as annual report reveals another blow to its bid to recover from string of scandals