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Credit Suisse shares fall to all-time low as bank announces it has found ‘material weakness’

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First published at 16:38 UTC on March 14th, 2023.

#credit
#suisse
#warning

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After confirming material weaknesses and an $8 billion loss in 2022, Credit Suisse shares plummeted to an all-time low of five percent in early trading on Tuesday in Europe.

This occurred just hours after a financial expert predicted that Credit Su…

After confirming material weaknesses and an $8 billion loss in 2022, Credit Suisse shares plummeted to an all-time low of five percent in early trading on Tuesday in Europe.

This occurred just hours after a financial expert predicted that Credit Suisse would be the next institution to collapse following the SVB debacle, the Daily Mail reported.

During a recent appearance on Fox Business, Robert Kiyosaki – a metals investor and author of Rich Dad, Poor Dad who accurately predicted the 2008 fall of Lehman Brothers – cautioned that “the problem” lies within the bond market.

He further claimed that Credit Suisse, the eighth largest investment bank globally, was the most vulnerable institution. Kiyosaki’s warning came just last night.

"Credit Suisse shares fall to all-time low as bank announces it has found 'material weakness' - just hours after Wall Street expert predicted that it would be the next to fall after SVB"
READ MORE: https://www.dailymail.co.uk/news/article-11857123/Wall-Street-expert-predicts-Credit-Suisse-bank-fold.html

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