This comes after news that there were "material weaknesses" found in their financial reporting the last few years. They also failed to "design and maintain an effective risk assessment process to identify and analyze the risk of material misstatements". Finishing it off with massive outflows of customer funds - larger than anticipated - which has "exacerbated and may continue to exacerbate liquidity risk". Will they survive?

(source: https://www.cnbc.com/2023/03/14/credit-suisse-finds-material...)