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

Summary by RTÉ

Credit Suisse released its delayed annual report on Tuesday in which it identified "material weaknesses" in its internal controls over financial reporting and said it had not yet stemmed customer outflows.

Published 3 months ago · New York, United States

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Times of India

Credit Suisse says outflows have stabilized but not reversed

Battered by a string of scandals, the bank saw a sharp acceleration in customer withdrawals in the fourth quarter, with outflows of more than 110 billion Swiss francs ($120 billion), which made it breach some liquidity buffers.

3 months ago·Mumbai, India

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The Guardian

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

3 months ago·London, United Kingdom

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Reuters

Credit Suisse flags 'material weaknesses' in reporting, outflows not reversed

Credit Suisse said in its 2022 annual report the bank has identified "material weaknesses" in internal controls over financial reporting and not yet stemmed customer outflows.

3 months ago·United Kingdom

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CNN

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

Credit Suisse acknowledged "material weakness" in its financial reporting Tuesday as it scrapped bonuses for top executives in the wake of the bank's worst annual performance since the global financial crisis.

3 months ago·Atlanta, United States

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Independent.ie

Credit Suisse finds ‘material weakness’ in financial reporting

Credit Suisse Group AG said it had identified "material weaknesses" in its reporting procedures for the financial years 2022 and 2021 and is adopting a remediation plan.

3 months ago·Ireland

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CNBC

Credit Suisse finds 'material weaknesses' in financial reporting, says outflows 'not yet reversed'

Credit Suisse said its net asset outflows had "not yet reversed," and that "material weaknesses" were identified in its financial reporting processes.

3 months ago·United States

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