Market rumor that Credit Suisse may go belly up

[blackmondy]

If Trump was president this would not have happened. The fucking wokey and lefty Yankees brought it upon themselves by letting a a fake and demented president run the show.

 

[Rogue Trader]

Just fell by 26% since opening

This is the end, beautiful friend
This is the end, my only friend
The end of our elaborate plans
The end of everything that stands
The end
No safety or surprise
The end
I'll never look into your eyes again

 

[syed putra]

So why is usd appreciating?

 

[syed putra]

This one next?

Credit Suisse’s biggest backer says can’t put up more cash​

The Swiss bank’s shares fell by 20% after the fallout from the collapse of Silicon Valley Bank.
Reuters - 15 Mar 2023, 7:35pm
154Shares

Share

Credit Suisse is seeking to recover from scandals that have undermined the confidence of investors. (File pic)
RIYADH: The head of Credit Suisse Group’s largest shareholder, Saudi National Bank (SNB), said today it would not buy more shares in the Swiss bank on regulatory grounds.
“We cannot because we would go above 10%. It’s a regulatory issue,” SNB chairman Ammar Al Khudairy said in an interview with Reuters. The Saudi bank holds a 9.88% stake in Credit Suisse, according to Refinitiv data.

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[zhihau]

If CS down, then how ah?

 

[eatshitndie]

looks like swiss gov may step in to help.

as predicted on oct 3, 22.

 

[Charlie99]

I believe that the Swiss government has no alternative, but to take steps to assist Credit Suisse.

 

[Charlie99]

Tiagong , if the bank fails , the home belongs to you. No more payment

The liquidator will follow up, and take all the necessary steps, to collect the amounts due to the insolvent financial institution.
Believe me, I am an insolvency practitioner.

 

[blackmondy]

This bank is holding a lot of dirty money for the CCPee. Better let it crash and burn.

 

[gutpunch]

nothing will happen one lah otherwise sg office will close shop and everyone there suddenly out of job, too good to be true

 

[Merl Haggard]

Despite USD54 bn loan from Swiss National Bank, Credit Suisse continues to plunge. Last night it fell 7% to 2.01.

Another American bank, First Republic Bank is also gonna collapse; it has plunged from $160 two days ago to $23.

What an awkward moment when you realize that even after so many sanctions, no Russian bank has collapsed yet.

Whereas the side who placed sanctions is losing a bank a day.

 

[Merl Haggard]

Market in turmoil: Credit Suisse plunges another 59%!

After hours trading: First Republic Bank plunges another 24%!

 

[Merl Haggard]

UBS with itchy backside went to take over Credit Suisse and now down 15%.

 

[JohnTan]

Credit Suisse bonds officially worthless.

LONDON/NEW YORK, March 19 (Reuters) - Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator as part of its rescue merger with UBS (UBSG.S), angering bondholders on Sunday.


https://www.reuters.com/business/fi...7-bln-bonds-zero-angering-holders-2023-03-19/

 

[borom]

When you are small they will go after you mecilessly and demand for their pound of flesh-as anyone who owe banks monies will know.,
But when you owe billions , you become are too big to fail and they will come to your rescue.
Nothing happens to the top management that screwed up but junior executives lose their jobs.
There is also a sovereign fund that lose billions doing long term/ contrarian investments but has endless source of cheap public funds .

 

[THE_CHANSTER]

nothing will happen one lah otherwise sg office will close shop and everyone there suddenly out of job, too good to be true

Definite downsizing in the merged entity and especially in SG where both have a significant headcount

 

[gutpunch]

Definite downsizing in the merged entity and especially in SG where both have a significant headcount

just some retrenchment like other companies no biggie

 

[THE_CHANSTER]

I'd also like to know the extent of Temasek and GIC's exposure to CS (now worthless bond holdings).

 

[blackmondy]

I'd also like to know the extent of Temasek and GIC's exposure to CS (now worthless bond holdings).

If you demand to know you will be Pofma'ed. Laws are put in place to stop you from digging out skeletons from Piss And Poop's closet.

 

[blackmondy]

UBS is the shiny white knight in armour apparently.