Financial markets are on edge over troubles at Credit Suisse. The Biden administration is demanding that TikTok be sold. New CDC data show the maternal mortality rate jumped over 40% in 2021.
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Credit Suisse flags 'material weaknesses' in financial reportingCredit Suisse released its delayed annual report on Tuesday in which it identified 'material weaknesses' in its internal controls over financial reporting and said it had not yet stemmed customer outflows.
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Dow futures fall 500 points as Credit Suisse slide adds to financial sector woes: Live updatesPressure on the financial sector grew with shares of Credit Suisse, a Swiss Bank with large U.S. operations, tumbling more than 20%.
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U.S. Treasury reviewing U.S. financial sector exposure to Credit Suisse - Bloomberg NewsThe U.S. Treasury Department is actively reviewing the U.S. financial sector's exposure to Credit Suisse Group AG after the bank's shares fell to a record low, Bloomberg reported on Wednesday citing people familiar with the matter.
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Swiss National Bank will provide Credit Suisse financial support ‘if necessary’Shares of the Swiss banking giant fell nearly 20 percent in early trading, creating new uncertainty in the wake of Silicon Valley Bank’s collapse.
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SVB collapse: Shares of Credit Suisse hit new all time low in morning tradingShares of Credit Suisse fell by 5% this morning, hitting an all-time low in the aftermath of the failure of Silicon Valley Bank. The Swiss lender announced it had 'material weakness' in its financial reporting for 2021 and 2022.
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Credit Suisse finds 'material weakness' in its financial reporting, scraps exec bonuses | CNN BusinessCredit Suisse on Tuesday acknowledged 'material weakness' in its financial reporting as it scrapped bonuses for top executives in the wake of its worst annual performance since the global financial crisis.
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