However, there have been a series of scandals such as inadequate crisis management and large-scale leakage of customer information, and it has been pointed out that users have withdrawn their assets.
In addition, Credit Suisse announced on the 14th that there were problems with internal controls in its 2021 and 2022 financial reports and that there were “significant weaknesses.”
The auditing firm that looks at the financial statements has also expressed the opinion that there are problems with internal controls.
Furthermore, on the 15th, overseas media reported that the Saudi financial institution, which is the largest shareholder of Credit Suisse, does not intend to make additional investments.
In response to this situation, Credit Suisse’s stock price plunged more than 30% at one point, raising concerns regarding management.
Stocks also fell sharply in European stock markets and in the New York stock market.
In the United States, the collapse of two banks on the 10th and 12th of this month has just shaken the world’s financial markets, and concerns have spread to Europe.
