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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Credit Suisse delays yearly report

The bank launched a vast restructuring plan in October which includes carving out its investment arm. (AFP)
  • The publication of the yearly report which includes information about the company's functioning, was due on Thursday
  • The bank had reported a net loss of 7.3bn Swiss francs ($7.9 billion) - the biggest since 2008, in its 2022 financial statement

ZURICH, SWITZERLAND – Credit Suisse delayed on Thursday the release of the scandal-hit bank’s 2022 annual report after US regulators made last-minute enquiries regarding previous statements.

The rare move comes as Credit Suisse has endured a barrage of problems in recent years, including its exposure to the implosions of US asset manager Archegos and UK firm Greensill in 2021.

Switzerland’s second biggest bank said the US Securities and Exchange Commission made a “late call” on Wednesday evening regarding revisions made to cash-flow statements for 2019 and 2020.

“Management believes it is prudent to briefly delay the publication of its accounts in order to understand more thoroughly the comments received,” Credit Suisse said.

The publication of the annual report, which includes the group’s company structure, corporate governance and compensation practices, was due on Thursday.

Credit Suisse said the delay has no impact on its 2022 financial statement, which was published last month and showed that the bank had recorded a net loss of 7.3 billion Swiss francs ($7.9 billion) – the biggest since 2008.

The bank launched a vast restructuring plan in October, which includes carving out its investment arm.