down almost 4%, its lowest level this year. today was the worst performance for the index, which lists the 100 largest companies on the london stock exchange, since the start of the covid 19 pandemic. so lets take a closer look at credit suisse. today saw the second day of sharp falls for its shares, after the swiss bank yesterday disclosed its auditor had identified material weaknesses in its financial reporting controls. its biggest shareholder is the saudi national bank, which holds almost 10% of the swiss bank. it now says it can t increase its stake on regulatory grounds. our business presenter ben thompson looks at credit suisse s growing problems. there are very specific reasons that credit suisse s finding itself in this position. you may remember the greensill scandal it was caught up in that there were big issues over mozambique, its investments there. it was also convicted last year in the summer of failing to prevent money laundering.
taking a closer look at credit suisse today was the second day of sharp falls for its shares after the swiss bank yesterday disclosed that its auditor had identified material weaknesses in its financial reporting controls. its biggest shareholder is saudi national bank, which holds almost 10% of the swiss bank. it now says it can t increase its stake on regulatory grounds. our business presenter, ben thompson, looks at credit suisse s growing problems. there are very specific reasons that credit suisse s finding itself in this position. you may remember the greensill scandal it was caught up in that there were big issues over mozambique, its investments there. it was also convicted last year in the summer of failing to prevent money laundering.
Das jüngste Finma-Verdikt vom Dienstag zeigt es nochmals in aller Deutlichkeit: Im Debakel um die Greensill-Fonds sind der Credit Suisse vor spezielle Beziehungen und hausgemachte Verstrickungen zum Verhängnis geworden.