Delay in Credit Suisse's annual report caused by unexpected SEC call

Delay in Credit Suisse's annual report caused by unexpected SEC call
Photo by Jan Huber on Unsplash

Credit Suisse can’t catch a break.

In the latest piece of troubling news, the beleaguered Swiss bank has delayed the publication of its 2022 annual report following a “late call” from the US Securities and Exchange Commission on Wednesday evening.

The SEC got in touch over revisions the bank had previously made to its cash flow statements for 2019 and 2020, Credit Suisse (CS) said in a statement Thursday.

Source : Delay in Credit Suisse’s annual report caused by unexpected SEC call