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Today, Switzerland wanted to know the details about Credit Suisse’s frightening year, when the big Swiss bank suffered a loss of CHF 7.3 billion. But for now, nothing will come of it: Credit Suisse Group announced this Thursday morning that it had to delay the publication of its 2022 annual report.
This is because of an intervention by the US Securities and Exchange Commission: Yesterday evening (March 8, 2023), the US Securities and Exchange Commission (SEC) published “comments” on financial statements for previous business periods. Credit Suisse management believes it would be prudent to delay the financial statement release in order to better understand the SEC comments received.
Financial results for 2022, previously released on February 9, 2023, were not affected. (rae)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
