Credit Suisse's position came into question last week after the US Securities and Exchange Commission (SEC) contacted the bank to let it know that it was in threat of providing misstatements on its cashflow accounting for 2019 and 2020, forcing the bank to delay the publication of its annual report to this week. The bank admitted on Tuesday that there was "weakness" in its books, which they claimed arose as a result from a "failure to design and maintain an effective risk assessment process to identify and analyze the risk of material misstatements". This admission led analysts such as Robert Kiyosaki to warn that Credit Suisse could be the next major bank to fail, after the woke, ESG-obsessed Silicon Valley Bank collapsed last week, marking the largest bank failure since the 2008 global financial crisis. Follow Kurt Zindulka on Twitter here @KurtZindulka