Credit Suisse CEO on Inflows, Material Weakness

Credit Suisse CEO Ulrich Koerner says the bank saw "material good inflows" on Monday in the wake of the failure of Silicon Valley Bank and addresses "material weaknesses" in its reporting and control procedures for the past two years. He speaks with Francine Lacqua on "Bloomberg Surveillance."

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[Hecticam]

He sounds exactly like me, a 2-year experience analyst, trying to find my way out explaining why my report doesn't make a damn sense.

[redbeam]

Will you be insolvent next week?

Vee hav a sree year plan vich ve ar delivering ahead of skedul.

[gbarassi]

That ring 💍 covers the liquidity issues

[Hecticam]

Her: "What is the most difficult part of your job?"
Him: "Well.. to wrap catshit in dogshit, while swimming in cowshit to stay afloat..."

[gbarassi]

We are going from an extreme liquidity at low cost of money situation... To a no liquidity and high cost of money

[DrHughMonguscoque]

Watching this a week later with the benefit of hindsight …. This is fucking hilarious

[massonh]

Debit Suisse wil go down … it’s a matter of days

This guy is in panick.

[pauldurdin]

Woah. And this is after years of media training

[gmac]

Give it a rest. You're not going to get any clear answer from him. He just repeats the same thing over and over.

[Stromhs]

Hahaha „yesterday I had a positive meeting with a client“
My answer when my boss asks why no one bought the goddamn new product 🤣🤣🤣

[piotrkaczorowski]

The most populist interview in history. This bank has been bankrupt since the interest rates started rising.

[trillionairejeffe]

The guy looks out of it, he is just saving the face

[nickl]

Did I miss out any keywords? I used "calm", "positive", at least twice in the first 10 seconds didn't I?

[Juliorios-zd]

Where are the feds that should be monitoring this?

[giancarloricasata]

it's like goin to a restaurant and ordering a steak but you get a pile of shit instead. so you ask to see the manager/chef and they try to convince it isn't a pile of shit and they r doing everything correct.

[Mr---mrll]

Poor guy looks out of his depth and completely and utterly stressed the fuk out 😂

[Mistermister-gg]

Another CEO who will probably take a huge bonus days before the lockdown.

[janechoy]

It's an MW on their ICFR audit opinion *and* an adverse opinion on their FS audit opinion. That's a double whammy.

[Heartlandohio]

Ask him about money laundering for criminal enterprises

[fortyminutes]

"So far it's pretty calm"