The annual report of the Swiss bank should have been published this Thursday.
(Photo: Reuters)
Zurich Credit Suisse is postponing the publication of the 2022 Annual Report scheduled for today, Thursday. The US securities regulator SEC turned to the major Swiss bank late on Wednesday with questions, as Credit Suisse announced on Thursday.
The issue is open SEC comments regarding the technical assessment of the previously disclosed reviews of the cash flow statements for fiscal years 2020 and 2019 and related controls. “Management deems it prudent to delay the release of the financial statements for a short period of time in order to better understand the comments received,” the statement said.
Credit Suisse did not want to provide any information on the question of when the 2022 annual report will be published exactly. The financial results for 2022, which were published on February 9, are not affected by the inquiries.
With a loss of CHF 7.3 billion, Credit Suisse recorded one of the weakest years in its 167-year history in 2022. Above all, the costs for the restructuring and the collapse of income in investment banking weighed on the result. At the end of the year, the outflow of customer funds also caused headwind. The group expects a significant pre-tax loss in the current year as well.
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