Credit Suisse s Chairman, Axel Lehmann, waived his 1.5 million Swiss francs ($1.6 million) first-year payment due to the bank s disappointing annual performance.
Shares of Credit Suisse fell by 5% Tuesday morning, hitting an all-time low, after the company announced it had "material weakness" in its financial reporting for 2021 and 2022.
Robert Kiyosaki, who originally forecasted the Lehman 2008 crisis, predicts the next bank to collapse in the Silicon Valley Bank contagion will be Credit Suisse.