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Credit Suisse to ‘briefly delay’ annual results after late SEC call over cash-flow statements

The company said the latest development wouldn’t affect its 2022 financial results released early in February

Credit Suisse said on 9 March that it will delay the publication of its 2022 report after a late call from US market regulators over 2019 and 2020 cash-flow statements, adding a further headache as the lender attempts to woo back clients amid a costly turnaround effort.

The Swiss bank said it received a call from the US Securities and Exchange Commission on 8 March in relation to certain open SEC comments about the technical assessment of previously disclosed revisions to its consolidated cash-flow statements in the 2020 and 2019 fiscal years as well as related controls.

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