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Credit Suisse just stopped ticking. ***RUN.*** (www.dailymail.co.uk)

posted 1 year ago by catsfive 1 year ago by catsfive +88 / -0

Credit Suisse shares fall as bank admits 'material weaknesses'

Credit Suisse shares fell by 5 percent in early trading on Tuesday to an all-time low, hours after the bank revealed it had found 'material weaknesses' and recorded an $8billion loss in its 2022 annual report.

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– FuckNewsom 2 points 1 year ago +2 / -0

“Material weaknesses”… I’m not super well versed in the GME swap situation, like some of the top Superstonk posters are, but aren’t the GME swaps that Credit Suisse inherited from Archegos what is bringing down CS?

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4065946

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