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Thursday, November 03, 2022 6:01:35 PM
https://franknez.com/credit-suisse-warns-investors-of-naked-short-covering/
(PHASE 6) Coming together Beautifully!
The SEC released Credit Suisse’s 6-K filing where the bank warns investors of potential losses due to naked short covering, more on that below.
Credit Suisse (CS) took a massive hit of $4.09 billion in Q3 and hints at occurring losses in an upturn in markets.
The bank recently called out AMC Entertainment predicting shares to fall to $0.95 despite the bank’s shares trading below the movie theatre chain company.
Now Credit Suisse is hiring 20 banks for a $4 billion injection in effort to pivot from Q3’s disaster
GO RMTD!!!
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