Credit Suisse shares sink, sparking rout in bank stocks

In Dublin, AIB was down by 8.5 per cent, while Bank of Ireland dropped close to 10 per cent.

Credit Suisse had on Tuesday revealed that its auditor, PwC, identified “material weaknesses” in its financial reporting controls. He said owning more than 10 per cent of Credit Suisse would bring additional regulatory requirements. A day earlier, chief executive Ulrich Körner said customers were continuing to pull money from the bank, but at a much lower level than late last year, when Credit Suisse suffered 111 billion Swiss francs of outflows.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Credit Suisse shares sink, sparking rout in bank stocksSwiss lender’s stock price hits all-time low on back of comments from Saudi National Bank’s chair
Herkunft: IrishTimes - 🏆 3. / 98 Weiterlesen »

European stocks edge up after three-day rout, banks still weakProperty and technology stocks lifted the wider European benchmark
Herkunft: IrishTimes - 🏆 3. / 98 Weiterlesen »