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

By News on the Net -- New York Post——Bio and Archives--March 14, 2023

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 last two years.

The Zurich-based firm said the weaknesses amounted to a “failure to design and maintain an effective risk assessment process to identify and analyze the risk of material misstatements.” ---More...

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News on the Net——Bio and Archives

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