The unusual intervention by the United States Securities and Exchange Commission is the latest blow to Credit Suisse.
Credit Suisse shares were close to their all-time low in Zurich on Thursday, March 9, but later recovered much of a 6% loss.
Credit Suisse said that following the call it had decided to postpone publication of its 2022 annual report. “The disclosure is strategically and carefully worded so as not to raise alarms,” said Jacob Frenkel, a former SEC enforcement attorney who is now government investigations and securities enforcement practice chair for law firm Dickinson Wright.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse equities business under the microscope after revenue crashCredit Suisse’s revenue from equities trading plummets 95% in the fourth quarter of 2022.
Read more »
S&P Global: Philippine credit growth to ease to as low as 7%Philippine credit growth could decelerate even further to single-digit levels to reflect the impact of higher inflation and interest rates, global credit watcher S&P Global Ratings said in a recent report.
Read more »
UN chief in Ukraine to meet Zelensky: spokesmanUNITED NATIONS, United States- UN chief Antonio Guterres arrived in war-torn Ukraine Tuesday to meet with President Volodymyr Zelensky, in his third trip since Russia's full-scale invasion, the United Nations announced.
Read more »
Kim’s sister warns North Korea ready to act against US, South | Hyung-Jin Kim / Associated PressSEOUL, South Korea—The influential sister of North Korea’s leader warned Tuesday that her country is ready to take “quick, overwhelming action” against the United States and South Korea—one day after a nuclear-capable B-52 flew over the peninsula. The United States flew the bomber to the Korean Peninsula for a joint…
Read more »
PH, US tackle West PH Sea developments during courtesy callThe Philippines and the U.S. have discussed developments in the West Philippine Sea among other bilateral and global issues of mutual concern, the Department of Foreign Affairs said. | DFernandezINQ
Read more »
UN: PH violated rights of WWII sexual slavery victims by Japanese ArmyThe UN women's rights committee has found that the Philippines violated the rights of sexual slavery victims of the Imperial Japanese Army during World War II 'by failing to provide reparation, social support, and recognition' to the harm suffered.
Read more »