COMMENT: FYI: Credit Suisse is the 5th largest investment bank in the world. Now read this:
NOTE: The following report was suppose to be released on February 9th, but the USA SEC held it up.
From the article: "On Tuesday morning, Credit Suisse published its annual report which revealed an $8billion loss for 2022. The bank had been due to publish the report last Thursday, but was sent back to review its books by the SEC. Today, Credit Suisse said the 'weaknesses' were down to a 'failure to design and maintain an effective risk assessment process to identify and analyze the risk of material misstatements'. "
Last night, Robert Kiyosaki - a metals investor and author of Rich Dad, Poor Dad who accurately predicted the 2008 fall of Lehman Brothers - warned during an appearance on Fox Business, that 'the problem' is the bond market, and that Credit Suisse - the eighth largest investment bank in the world- was most vulnerable.
'My prediction, I called Lehman Brothers years ago, and I think the next bank to go is Credit Suisse because the bond market is crashing. The bond market is much bigger than the stock market.