Credit Suisse said customer 'outflows stabilized to much lower levels but had not yet reversed as of the date of this report' in its 2022 annual report published on Tuesday.
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann/said customer "outflows stabilized to much lower levels but had not yet reversed as of the date of this report" in its 2022 annual report published on Tuesday.
Battered by a string of scandals, the bank saw a sharp acceleration in customer withdrawals in the fourth quarter, with outflows of more than 110 billion Swiss francs , which made it breach some liquidity buffers.to the bank. Scheduled for release last week, the bank's 2022 annual report had been delayed following a request from the United States Securities and Exchange Commission , which had raised questions about the bank's earlier financial statements.regarding "certain open SEC comments about the technical assessment of previously disclosed revisions to the consolidated cash flow statements in the years ended December 31, 2020, and 2019, as well as related controls.
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