Credit Suisse Delays Annual Report After Last-Minute SEC Request

The Swiss bank says the Securities and Exchange Commission wants more information on its restated cash flow statements

Credit Suisse restated its past earnings to reflect a new divisional structure last year.Photo: DENIS BALIBOUSE/REUTERS

Credit Suisse Group AG delayed its annual report to address a late-night request from the U.S. Securities and Exchange Commission for more information on how the bank restated cash flows after restructuring its divisions.

The Swiss banking giant said the SEC wants more information on its restated consolidated cash flow statements from 2019 and 2020 and the bank’s assessments when it revised the numbers last year.

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