Credit Suisse Bank CEO Reassures Their Liquidity Base is Strong
The banking realm has taken many punches, as three prominent banks have already collapsed in 2023. The whole financial market is in turmoil as a result of the ongoing banking crisis. On March 15, after its biggest shareholder, the Saudi National Bank, declined to give the company more financial support, shares of Credit Suisse fell to a new record low. However, Credit Suisse Bank CEO Ulrich Koerner recently stated that their liquidity base is strong. Also read: Ripple: Deaton Predicts Case May Reach Supreme Court Before Congressional Action JUST IN: $578 billion-asset bank Credit Suisse CEO says their "liquidity base is strong." — Watcher.Guru (@WatcherGuru) March 15, 2023 Credit Suisse Bank CEO says material weakness in report has no financial results impact Koerner also mentioned that the material weakness mentioned in the report had no impact on the financial results. He also added that the material weakness refers just to the financial reporting...