Complaint claims bank made ‘materially false and misleading statements’ in 2021 annual report
have hit the beleaguered Swiss bank with legal action, claiming that it overstated its prospects before this week’s shares crash.plunging on Wednesday by as much as 30% at one point
The Swiss central bank later stepped in to offer Credit Suisse a £44.5bn lifeline and the shares rallied, recovering most of their losses on Thursday.which claims the bank made “materially false and misleading statements” in its 2021 annual report.
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