- Credit Suisse identifies 'material weaknesses' in internal controls over financial reporting.
- Customer outflows have not yet been stemmed, despite stabilization.
- Auditor PwC includes an 'adverse opinion' on the effectiveness of the bank's internal controls.
- Credit Suisse is seeking to recover from a string of scandals that have undermined investor confidence.
- The SEC had raised questions about the bank's past financial statements.
Reuters — Business — Banking — Finance — Regulation — Investment
Credit Suisse flags 'material weaknesses' in reporting, outflows not reversed
Credit Suisse reveals 'material weaknesses' in reporting and rising outflows, as it seeks to recover from scandals and reassure investors.