Credit history Suisse Group AG stated Thursday that it will delay the publication of its 2022 report after a late phone from U.S. marketplace regulators around 2019 and 2020 dollars-move statements, adding a even further headache as the lender tries to woo back customers amid a costly turnaround effort and hard work.
The Swiss financial institution
CSGN,
CS,
said it obtained a call from the U.S. Securities and Trade Fee on Wednesday in relation to specific open up SEC responses about the specialized evaluation of earlier disclosed revisions to its consolidated hard cash-stream statements in the 2020 and 2019 fiscal several years as very well as connected controls.
“Management believes it is prudent to briefly delay the publication of its accounts in purchase to comprehend far more carefully the remarks acquired,” Credit rating Suisse claimed.
The business stated it would not impact its 2022 economic results launched early in February.
Credit rating Suisse’s share price hit a low in the months given that the 2022 final results on uncertainty about its potential, with analysts fearing that current big outflows from shoppers will hinder a recovery.
Compose to Ed Frankl at edward.frankl@wsj.com
Credit history Suisse Group AG stated Thursday that it will delay the publication of its 2022 report after a late phone from U.S. marketplace regulators around 2019 and 2020 dollars-move statements, adding a even further headache as the lender tries to woo back customers amid a costly turnaround effort and hard work.
The Swiss financial institution
CSGN,
CS,
said it obtained a call from the U.S. Securities and Trade Fee on Wednesday in relation to specific open up SEC responses about the specialized evaluation of earlier disclosed revisions to its consolidated hard cash-stream statements in the 2020 and 2019 fiscal several years as very well as connected controls.
“Management believes it is prudent to briefly delay the publication of its accounts in purchase to comprehend far more carefully the remarks acquired,” Credit rating Suisse claimed.
The business stated it would not impact its 2022 economic results launched early in February.
Credit rating Suisse’s share price hit a low in the months given that the 2022 final results on uncertainty about its potential, with analysts fearing that current big outflows from shoppers will hinder a recovery.
Compose to Ed Frankl at edward.frankl@wsj.com
