Credit Suisse finds ‘material weakness’ in reporting, scraps exec bonuses

Re:Credit Suisse finds ‘material weakness’ in reporting, scr... by SeanAnderson on Tuesday March 14, 2023 @11:01AM (#35152581)

I'm surprised it's only 10%. This morning was a very strong rally for beleaguered banking stocks and CS didn't budge an inch.

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Re:Credit Suisse finds ‘material weakness’ in reporting, scr... by bushbaba on Tuesday March 14, 2023 @11:07AM (#35152686)

Because credit Susie is “to big to fail” with the CDS likely pricing in the change of a government bail out

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Re:Credit Suisse finds ‘material weakness’ in reporting, scr... by topper-123 on Tuesday March 14, 2023 @11:29AM (#35153092)

Even if if doesn’t fail, the shareholderd might be wiped out though.

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Re:Credit Suisse finds ‘material weakness’ in reporting, scr... by HDThoreaun on Tuesday March 14, 2023 @01:06PM (#35154704)

Shareholders being wiped out doesn't affect bond holders.

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Re:Credit Suisse finds ‘material weakness’ in reporting, scr... by latchkey on Tuesday March 14, 2023 @01:46PM (#35155416)

What if bond holders are shareholders?

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Re:Credit Suisse finds ‘material weakness’ in reporting, scr... by rblatz on Tuesday March 14, 2023 @01:57PM (#35155617)

Their share value will be wiped out, and their bonds won’t be.

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Re:Credit Suisse finds ‘material weakness’ in reporting, scr... by warbaker on Tuesday March 14, 2023 @04:58PM (#35158470)

Usually bondholders are also wiped out during a bailout. Bailouts are generally for customers / counterparties, not investors.

Sometimes in a bankruptcy, bondholders take a "haircut" and agree to get less money back because the company simply can't pay them what they're owed.

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