$Credit Suisse Group AG(CS)$ S-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$Credit Suisse Group AG(CS)$

Shares of Credit Suisse (CS), the beleaguered Swiss bank closed lower by 14% on Wednesday after it's biggest shareholder said they wouldn't be investing more money in the company.

The chairman of Saudi National Bank, Ammar Al Khudairy, told Bloomberg Television the bank will not invest further in Credit Suisse due to regulatory concerns. His comments came the day after the bank revealed it found "material weakness" in its financial reporting.

By late Wednesday, there was so much turmoil regarding Credit Suisse that Swiss National Bank, Switzerland's central bank, said it would provide the bank with liquidity if necessary.

Credit Suisse Is In Crisis. What Went Wrong?

Unease about the bank’s mounting problems snowballed and its shares slumped.

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Comments

YvetteGunther
2023-03-18
YvetteGunther
Any predictions on takeover price? Hard to see it going for less than $15B
XantheJuliana
2023-03-18
XantheJuliana
What would happen to share price if Saudi Arabia opted to withdraw their "investments" with CS ?
Gloria112
2023-03-18
Gloria112
It's reasonable that investors are afraid of banks
YaleBrewster
2023-03-18
YaleBrewster
CS received BBB+ bond rating even after this in sane highly irrational social media corrupt.media frenzy fueled week.
KZLING
2023-03-18
KZLING
Great
Mich77
2023-03-18
Mich77
ok

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His comments came the day after the bank revealed it found \"material weakness\" in its financial reporting.</p>\n<p>By late Wednesday, there was so much turmoil regarding Credit Suisse that Swiss National Bank, Switzerland's central bank, said it would provide the bank with liquidity if necessary.</p>\n<img src=\"https://community-static.tradeup.com/news/62b1f2f3076596fcf55ae37fc6a3940c\" tg-width=\"828\" tg-height=\"575\"></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/CS\">$Credit Suisse Group AG(CS)$&nbsp;</a></p>\n<p>Shares of Credit Suisse (CS), the beleaguered Swiss bank closed lower by 14% on Wednesday after it's biggest shareholder said they wouldn't be investing more money in the company.</p>\n<p>The chairman of Saudi National Bank, Ammar Al Khudairy, told Bloomberg Television the bank will not invest further in Credit Suisse due to regulatory concerns. His comments came the day after the bank revealed it found \"material weakness\" in its financial reporting.</p>\n<p>By late Wednesday, there was so much turmoil regarding Credit Suisse that Swiss National Bank, Switzerland's central bank, said it would provide the bank with liquidity if necessary.</p>\n<img src=\"https://community-static.tradeup.com/news/62b1f2f3076596fcf55ae37fc6a3940c\" tg-width=\"828\" tg-height=\"575\"></body></html>","text":"$Credit Suisse Group AG(CS)$ Shares of Credit Suisse (CS), the beleaguered Swiss bank closed lower by 14% on Wednesday after it's biggest shareholder said they wouldn't be investing more money in the company. The chairman of Saudi National Bank, Ammar Al Khudairy, told Bloomberg Television the bank will not invest further in Credit Suisse due to regulatory concerns. His comments came the day after the bank revealed it found \"material weakness\" in its financial reporting. By late Wednesday, there was so much turmoil regarding Credit Suisse that Swiss National Bank, Switzerland's central bank, said it would provide the bank with liquidity if necessary.","highlighted":2,"essential":1,"paper":1,"likeSize":14,"commentSize":11,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9943981754","repostId":0,"isVote":1,"tweetType":1,"viewCount":549,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["CS"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":556,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":106070700,"gmtCreate":1679101480371,"gmtModify":1679101483743,"authorId":9000000000000339,"author":{"id":9000000000000339,"authorId":9000000000000339,"name":"YvetteGunther","avatar":"https://static.tigerbbs.com/86d51ea816d39c46f0980454dd4e59d5","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9943981754,"type":1,"supId":0,"prevId":0,"content":"Any predictions on takeover price? Hard to see it going for less than $15B","text":"Any predictions on takeover price? Hard to see it going for less than $15B","html":"Any predictions on takeover price? Hard to see it going for less than $15B","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"hot","coins":0,"score":0},{"id":106070696,"gmtCreate":1679101438217,"gmtModify":1679101441453,"authorId":9000000000000343,"author":{"id":9000000000000343,"authorId":9000000000000343,"name":"XantheJuliana","avatar":"https://static.tigerbbs.com/f28da48e3ea5979e903256fc9086c1d4","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9943981754,"type":1,"supId":0,"prevId":0,"content":"What would happen to share price if Saudi Arabia opted to withdraw their \"investments\" with CS ?","text":"What would happen to share price if Saudi Arabia opted to withdraw their \"investments\" with CS ?","html":"What would happen to share price if Saudi Arabia opted to withdraw their \"investments\" with CS ?","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106070705,"gmtCreate":1679101557705,"gmtModify":1679101564025,"authorId":9000000000000575,"author":{"id":9000000000000575,"authorId":9000000000000575,"name":"Gloria112","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9943981754,"type":1,"supId":0,"prevId":0,"content":"It's reasonable that investors are afraid of banks","text":"It's reasonable that investors are afraid of banks","html":"It's reasonable that investors are afraid of banks","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106070686,"gmtCreate":1679101379563,"gmtModify":1679107140736,"authorId":9000000000000342,"author":{"id":9000000000000342,"authorId":9000000000000342,"name":"YaleBrewster","avatar":"https://static.tigerbbs.com/5996d5314ffe90fea8ab77db8debbe9a","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9943981754,"type":1,"supId":0,"prevId":0,"content":"CS received BBB+ bond rating even after this in sane highly irrational social media corrupt.media frenzy fueled week.","text":"CS received BBB+ bond rating even after this in sane highly irrational social media corrupt.media frenzy fueled week.","html":"CS received BBB+ bond rating even after this in sane highly irrational social media corrupt.media frenzy fueled week.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":106073174,"gmtCreate":1679116384647,"gmtModify":1679116387795,"authorId":3576554606919054,"author":{"id":3576554606919054,"authorId":3576554606919054,"name":"KZLING","avatar":"https://static.tigerbbs.com/9afb1b2308ccf5e90556f3ed7eb39e59","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9943981754,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">Great<span class=\"Apple-converted-space\"> </span></span>","text":"<span class=\"s1\">Great<span class=\"Apple-converted-space\"> </span></span>","html":"<span class=\"s1\">Great<span class=\"Apple-converted-space\"> </span></span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":106073164,"gmtCreate":1679116322577,"gmtModify":1679116325728,"authorId":3581849551321020,"author":{"id":3581849551321020,"authorId":3581849551321020,"name":"Mich77","avatar":"https://static.tigerbbs.com/e68e0beedd6e067e59c605653c639699","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9943981754,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">ok</span>","text":"<span class=\"s1\">ok</span>","html":"<span class=\"s1\">ok</span>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9943981754"}